News release
TSX, NYSE - HBM
2012 No. 2
As a result of the investment, HudBay currently owns and has
control over 11,300,000 Common Shares (approximately 9.9% of
the issued and outstanding Common Shares) and 5,650,000
Warrants which, together with HudBay's Common Shares,
represent approximately 14.1% of the issued and outstanding
Common Shares on a partially-diluted basis.
The acquisition of the Common Shares and Warrants is being
made to assist with the exploration of
Northern Shield's Wabassi and Storm base metal properties in
north-western Ontario.
HudBay Minerals Inc. (TSX, NYSE: HBM) is a Canadian integrated mining company with assets in North and South America principally focused on the discovery, production and marketing of base and precious metals. HudBay's objective is to maximize shareholder value through efficient operations, organic growth and accretive acquisitions, while maintaining its financial strength. A member of the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, HudBay is committed to high standards of corporate governance and sustainability.
Forward-Looking Information
Certain of the statements made and information contained
herein may contain forward-looking information within the
meaning of applicable Canadian securities laws.
Forward-looking information is based on the views, opinions,
intentions and estimates of management at the date the
information is made, and is based on a number of assumptions
and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated or projected in the
forward-looking information (including the actions of other
parties who have agreed to do certain things and the approval
of certain regulatory bodies). Many of these assumptions are
based on factors and events that are not within the control
of HudBay and there is no assurance they will prove to be
correct. There can be no assurance that forward-looking
information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. HudBay
undertakes no obligation to update forward-looking
information if circumstances or management's estimates
or opinions should change except as required by applicable
securities laws, or to comment on analyses, expectations or
statements made by third parties in respect of HudBay, its
financial or operating results or its securities. The reader
is cautioned not to place undue reliance on forward-looking
information.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
(HBM-G)
For further information, please contact:
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John Vincic
Vice President, Investor Relations and Corporate
Communications
(416) 362 0615
Email: john.vincic@hudbayminerals.com
HudBay Minerals Inc.
25 York Street, Suite 800
Toronto, ON, M5J 2V5
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