27 November 2014
Gernandt & Danielsson advises in Pareto Securities’ issue of SDB R in connection with Lundin Mining Corporation’s acquisition of Candelaria
Pareto Securities AB has, in its capacity as custodian, issued Swedish interim depository receipts (SDB R) corresponding to certain Subscription Receipts issued by Lundin Mining Corporation in connection with the financing of Lundin Mining Corporation's acquisition of 80 per cent. of Candelaria/Ojos del Salado copper mining operations and supporting infrastructure from Freeport-McMoRan Inc.
Subsequent to the fulfilment of the conditions precedent for the acquisition, all issued Subscription Receipts (corresponding to a value of CAD 674 million) have been converted to shares in Lundin Mining Corporation, whereby all issued SDB R have been converted to Swedish depository receipts. The Swedish depository receipts (SDB) are listed on Nasdaq Stockholm and the issued SDB R were temporarily listen on Nasdaq First North Stockholm.
Gernandt & Danielsson has advised Pareto Securities AB with a team consisting of Partner Carl Westerberg, Senior Associate Gustav Skogö and Associates Adrian Della Morte Pålstam and Helén Landenberg.