Lundin Mining and BHP to Acquire Filo and Form a 50/50 Joint Venture to Progress the Filo del Sol and Josemaria Projects
VANCOUVER, BC, July 29, 2024 /CNW/ - (TSX: LUN; Nasdaq Stockholm: LUMI) Lundin Mining Corporation (“Lundin Mining” or the “Company”) and BHP have entered into a definitive agreement (the “Arrangement Agreement”) with Filo Corp. (TSX: FIL; Nasdaq First North Growth Market: FIL; OTCQX: FLMMF) (“Filo”) to jointly acquire 100% of Filo’s issued and outstanding common shares (each, a “Filo Share”) not already owned by Lundin Mining and BHP pursuant to a court-approved plan of arrangement (the “Filo Acquisition”). Under the terms of the Arrangement Agreement the offer implies a value of C$33.00