Vancouver —
The plan will have rights issued and attached to each common share that are exercisable when triggered by a company or group announcing an unsolicited bid to acquire control of EuroZinc or reaching an ownership level of 20% or greater. All shareholders — except the hostile bidders — would be entitled to exercise their rights to purchase a common share at half the market trading price.
In the meantime, EuroZinc received conditional approval to list its shares on the American Stock Exchange.
The company produces copper from its Neves-Corvo mine in southern Portugal and plans to start producing zinc concentrate at the operation in mid-2006. EuroZinc also holds the Aljustrel zinc-lead-silver mine, about 40 km from Neves-Corvo, and is looking at bringing the past-producer into production.
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