Minsud Completes Issue of a 50.1% Shareholding in its Argentinian Subsidiary to South32; Exercises Call Right [Yahoo! Finance]
SOUTH32 LTD SPNS/ADR (SOUHY)
NASDAQ:AMEX Investor Relations:
south32.net/docs/default-source/exchange-releases/notice-of-annual-general-meeting-2017-and-director-election.pdf?sfvrsn=b80badf_6
Company Research
Source: Yahoo! Finance
to the Company's press releases dated April 13, 2023 and November 27, 2023 , Minsud has completed the issue to South32 Aluminium (Holdings) Pty Ltd. (" South32 ") of a 50.1% shareholding in Minera Sud Argentina S.A MSA "), Minsud's indirect Argentinian subsidiary that holds and operates its flagship Chita Valley Project. The issue was made in accordance with South32's earn-in right under the earn-in agreement dated November 1, 2019 , as amended (the " Earn-In Agreement "), between South32, MSA, Minsud and Minsud Argentina Inc. (" MAI "), a wholly owned subsidiary of the Company. South32 has subscribed for MSA shares representing a 50.1% ownership interest (the " MSA Shares ") in consideration for South32's already funded capital contributions to MSA of C$27 million under the Earn-In Agreement (the " South32 Initial Capital Contribution "). Further, MAI will not be obligated to contribute any amount to an approved program and budget for the Chita Valley Project until the later of (i)
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