Blake Cassels Reps Jinchuan In $421M Continental Buy

Law360, New York (September 17, 2010, 4:47 PM EDT) -- China-based nickel and cobalt producer Jinchuan Group Ltd. has agreed to pay CA$432 million ($421 million) to acquire Continental Minerals Corp., a subsidiary of Vancouver-based global mining company Hunter Dickinson that has copper and gold operations in Tibet.

Continental said Friday that it had signed an agreement that would allow Jinchuan to acquire 100 percent of its 166 million common shares for CA$2.60 ($2.52) per share.

That price is 13 percent higher than Continental's Sept. 14 closing price and 18 percent higher than its average trading...
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