Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Equinox Minerals Ltd.’s share price jumped nearly 30 per cent in early trading Monday.
Chinese state-owned Minmetals said it will offer $7 per share, which represents a 23 per cent premium to the closing price of Equinox (TSX:EQN) shares on the Toronto Stock Exchange on Friday.
China is hungrily eyeing interests in miners and oil companies in Canada and around the world in an attempt to secure resource assets like copper and oil that are critical to fuel the Asian country’s rapid economic growth.
Until now, deep-pocketed Chinese businesses have shied away from full-scale takeover bids for Canadian companies as any acquisition would be subject to a “net benefit” foreign ownership review by the federal government under the Investment Canada Act.
Equinox’s flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years.
It is also developing another copper mine in the Middle East.
Equinox confirmed late Sunday that it was aware of the Minmetal announcement.
“The board of directors of Equinox will be meeting to consider this unsolicited proposal, and will comment further following careful consideration of the terms and implied value for Equinox,” the company said in a news release.
Equinox has offered $8.10 per Lundin share in cash or 1.2903 Equinox shares plus a penny for each share. The amount of cash is limited to $2.4 billion, while the number of shares offered is capped at 380 million. Under the Equinox deal, current Lundin shareholders would have owned about 30 per cent of the new Equinox.
The Equinox offer has been repeatedly criticized for the amount of money the company will have to borrow to make its offer.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Equinox Minerals Ltd.’s share price jumped nearly 30 per cent in early trading Monday.
Chinese state-owned Minmetals said it will offer $7 per share, which represents a 23 per cent premium to the closing price of Equinox (TSX:EQN) shares on the Toronto Stock Exchange on Friday.
China is hungrily eyeing interests in miners and oil companies in Canada and around the world in an attempt to secure resource assets like copper and oil that are critical to fuel the Asian country’s rapid economic growth.
Until now, deep-pocketed Chinese businesses have shied away from full-scale takeover bids for Canadian companies as any acquisition would be subject to a “net benefit” foreign ownership review by the federal government under the Investment Canada Act.
Equinox’s flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years.
It is also developing another copper mine in the Middle East.
Equinox confirmed late Sunday that it was aware of the Minmetal announcement.
“The board of directors of Equinox will be meeting to consider this unsolicited proposal, and will comment further following careful consideration of the terms and implied value for Equinox,” the company said in a news release.
Equinox has offered $8.10 per Lundin share in cash or 1.2903 Equinox shares plus a penny for each share. The amount of cash is limited to $2.4 billion, while the number of shares offered is capped at 380 million. Under the Equinox deal, current Lundin shareholders would have owned about 30 per cent of the new Equinox.
The Equinox offer has been repeatedly criticized for the amount of money the company will have to borrow to make its offer.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected] mailto:[email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Equinox Minerals Ltd.’s share price jumped nearly 30 per cent in early trading Monday.
Chinese state-owned Minmetals said it will offer $7 per share, which represents a 23 per cent premium to the closing price of Equinox (TSX:EQN) shares on the Toronto Stock Exchange on Friday.
China is hungrily eyeing interests in miners and oil companies in Canada and around the world in an attempt to secure resource assets like copper and oil that are critical to fuel the Asian country’s rapid economic growth.
Until now, deep-pocketed Chinese businesses have shied away from full-scale takeover bids for Canadian companies as any acquisition would be subject to a “net benefit” foreign ownership review by the federal government under the Investment Canada Act.
Equinox’s flagship asset is the Lumwana copper mine in Zambia, one of the largest new copper mines to be developed globally over the last few years.
It is also developing another copper mine in the Middle East.
Equinox confirmed late Sunday that it was aware of the Minmetal announcement.
“The board of directors of Equinox will be meeting to consider this unsolicited proposal, and will comment further following careful consideration of the terms and implied value for Equinox,” the company said in a news release.
Equinox has offered $8.10 per Lundin share in cash or 1.2903 Equinox shares plus a penny for each share. The amount of cash is limited to $2.4 billion, while the number of shares offered is capped at 380 million. Under the Equinox deal, current Lundin shareholders would have owned about 30 per cent of the new Equinox.
The Equinox offer has been repeatedly criticized for the amount of money the company will have to borrow to make its offer.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###