Stillwater Mining Company Completes Acquisition of Peregrine Metals Ltd.
Thursday, 06 October 2011 06:32
Stillwater Mining Company and Peregrine Metals Ltd. announced the completion of the acquisition of Peregrine by Stillwater.
Stillwater has acquired all outstanding shares of Peregrine pursuant to a plan of arrangement under the Canada Business Corporations Act. The transaction was previously approved by the Peregrine shareholders, who voted in respect of the arrangement, and the British Columbia Supreme Court.
Each common share of Peregrine has been exchanged for US$1.35 cash and 0.08136 shares of Stillwater common stock. Registered shareholders are directed to follow the instructions in Peregrine's information circular dated August 25, 2011 in order to obtain cash and the certificates representing the shares. Stillwater has applied to have the common shares of Peregrine delisted from the Toronto Stock Exchange.
