First Quantum bid approved by Kiwara

[miningmx.com] — THE acquisition of base-metals exploration firm, Kiwara by First Quantum Minerals is poised to go ahead after Kiwara’s shareholders approved the deal on Monday.

“All of the resolutions received the necessary majority votes and were accordingly approved,” the company said in a statement to the JSE.

The terms of the scheme will see Kiwara shareholders to receive 0.0085 new First
Quantum shares and £0.375 for every Kiwara share held.