AZGS Web Posts

Augusta board rejects HudbBay offer; bidding war starting?

Arizona Geology Blog - Wed, 2014-02-26 09:57
 The Augusta Resources board of directors recommended that its shareholders reject the HudBay takeover of the company. They reportedly have at least 1/3 of the stock committed to that position which is enough to kill the offer, which is aimed at acquiring the Rosemont copper property which is going through final steps of permitting.

But Copper Investing News says "Augusta has also hinted at having signed other confidentiality agreements with other possible bidders. That being said, the likeliness that more interested parties will start to crop up has increased."    [Right, geologic cross section of Rosemont copper deposit. Credit, Rosemont Mining]
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