Boliden sells its shares in Breakwater
Boliden has sold its entire holding of 18 million common shares in the Canadian mining company, Breakwater Resources Ltd*. The sales price is CAD 0.38 per share, which is equivalent to sales proceeds of CAD 6.8 million (approximately SEK 46 million).It was in conjunction with the formation of the new Boliden, following the transaction with Outokumpu, that Boliden decided in July 2004 to sell its wholly owned Canadian subsidiary, Boliden Westmin Limited (BWCL). Boliden received 18 million newly issued shares in Breakwater, as well as five million options with a redemption price of CAD 1.00