Falconbridge holds 92% of McIntyre Mn.

Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said recently.

After cancelling the shares, Falconbridge also paid for 3.2 million McIntyre Mines (TSE) common shares under Falconbridge’s takeover bid which expired on Aug 4. Included were 1.9 million shares tendered by Placer Dome.

Following the transaction, Falconbridge says it now holds 92.3% of McInyre’s outstanding common shares.