Ashurst advises First Quantum Minerals Ltd. on its C$470 million acquisition of Lumina Copper Corp.
Ashurst is advising First Quantum Minerals Ltd. in connection with the UK aspects of its recommended offer for Lumina Copper Corp. Pursuant to the acquisition, First Quantum will acquire, by way of a statutory plan of arrangement under Canadian law, all of the outstanding securities of Lumina. Based upon the consideration, the total value of 100 per cent. of the fully diluted common shares of Lumina is approximately C$470 million.