HudBay Extends Offer To Acquire Augusta Resource Until May 16 - Quick Facts

(RTTNews) - HudBay Minerals Inc. (HBM.TO, HBM) Monday announced that it has extended its offer to acquire all of the outstanding common shares of Augusta Resource Corp., and that the offer will be open for acceptance until 5:00 p.m. (Toronto time) on May 16, 2014.

HudBay noted that it is providing a 10-day extension of the offer based on the decision of the British Columbia Securities Commission on May 2, 2014.

In its decision, a panel of the Commission unanimously determined that, unless Augusta has confirmed that it has terminated its shareholder rights plan, the Commission will cease trade the plan effective July 15, 2014, if Hudbay extends its offer to expire no earlier than July 16, 2014.