Hochschild Completes Compulsory Acquisition of Andina Common Shares
TORONTO, ONTARIO -- (Marketwire) -- 02/20/13 -- Hochschild Mining plc
(LSE:HOCM.L)(LSE:HOC) and Andina Minerals Inc. ("Andina") (TSX
VENTURE:ADM) today announced that 1710503 Alberta Ltd. (the
"Offeror"), a wholly-owned subsidiary of Hochschild Mining plc, has
completed its previously announced compulsory acquisition under the
Business Corporations Act (Alberta) of all of the outstanding Andina
common shares ("Andina Shares") not already owned by it following its
previously announced successful take-over bid. As a result of the
acquisition of such shares, the Offeror now owns 100% of the issued
and outstanding Andina Shares.
At Andina's request, the trading of the Andina Shares on the TSX
Venture Exchange (the "Exchange") has been halted and Andina expects
that it will be delisted from the Exchange on or about February 22,
2013, subject to approval of the Exchange. In addition, Andina
intends to apply to the relevant securities commissions to cease to
be a reporting issuer in all applicable jurisdictions in Canada.
About Hochschild Mining plc
Hochschild Mining plc is a leading precious metals company listed on
the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on
the exploration, mining, processing and sale of silver and gold.
Hochschild has almost fifty years' experience in the mining of
precious metal epithermal vein deposits and currently operates four
underground epithermal vein mines, three located in southern Peru and
one in southern Argentina. Hochschild also has numerous long-term
projects throughout the Americas.
About Andina Minerals Inc.
Andina's primary focus is mining exploration and development in
Chile. Andina's flagship development project is the 100%-owned Volcan
Gold Project, strategically located in the prolific Maricunga Gold
Belt in Chile.
In addition to Andina's extensive underexplored land position
surrounding the Volcan Gold Project, Andina holds two other mineral
properties located within Chile's primary mining regions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Hochschild Mining plc
Head of Investor Relations
+44 (0)20 7907 2934
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