Zinifex (ZFEXF-O, ZFX-A) plans to make a compulsory acquisition of the remainder of Wolfden Resources (WLF-T, WLFFF-O) now that 95% of the shares have been tendered.
Zinifex is paying $3.81 per share to take over Wolfden, which holds a portfolio of base metal and gold projects in the Arctic. Zinifex owns the Century and Rosebery zinc mines in Australia, and four smelters, two in Australia and one each in the Netherlands and the United States.
Wolfden says its shareholders should see payment in cash for the shares by May 11.
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