Tendering Inmet Shares into the First Quantum Offer before the Board of Directors and its advisors have had the opportunity to fully explore all available alternatives to maximize shareholder value may preclude the emergence of a financially superior alternative transaction.
The First Quantum Offer is scheduled to expire at 5:00 pm ET on February 14, 2013 and is subject to a number of conditions that have yet to be satisfied. The Board of Directors recommends that Inmet shareholders not take any action until closer to the expiry date to ensure that Inmet shareholders are able to consider all of the options available to them.
Conference Call and Webcast Information
Inmet will host a conference call and live audio webcast for the investment community to discuss the Directors' Circular today, Tuesday, January 22, 2013, at 8:30am ET. Jochen Tilk, Inmet's President and Chief Executive Officer, will host the conference call/webcast.
Dial-in information for the conference call is as follows. Please note that a passcode is required for the live conference call.
+1 416 340 2217 (local/international) +1 866 696 5910 (North American toll free) Passcode: 2400457
The audio webcast is available at http://events.digitalmedia.telus.com/inmet/012213/index.php and at www.inmetmining.com.
A conference call replay will be available beginning on January 22, 2013 at 10:30am ET and will be available for ten days. The dial-in numbers for the replay are as follows:
+1 905 694 9451 (local/international) +1 800 408 3053 (North American toll free) Passcode: 1607376
How to Withdraw Inmet Shares From the Inadequate First Quantum Offer
Shareholders with questions about the Directors' Circular or who may have already tendered their shares to the First Quantum Offer and wish to withdraw them are asked to contact Inmet's information agent, Laurel Hill Advisory Group, at +1 877 452 7184.
About Inmet Mining Corporation
Inmet is a Canadian-based global mining company that produces copper and zinc. We have three wholly-owned mining operations: Cayeli (Turkey), Las Cruces (Spain) and Pyhasalmi (Finland). We have an 80 percent interest in Cobre Panama, a development property in Panama, currently in construction.
Forward Looking Information
Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. These statements involve known and unknown risks and uncertainties, including those associated with current global economic and financial conditions, metal prices, Inmet's share price, the cost and availability of key development and production inputs, labour shortages or disruptions, environmental and health and safety risks, reserve and production estimates, exploration and development of new and existing mines, political and country risks, additional funding requirements, financial leverage, the outcome of the First Quantum Offer and the strategic alternatives process that Inmet is currently undertaking, and other factors which may cause the actual results, performance or achievements of Inmet to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.
Inmet Shareholder Contact:
Inmet Mining Corporation
Director, Investor Relations
+1 416 361 4808
Laurel Hill Advisory Group
North American Toll Free: +1 877 452 7184
Banks and Brokers and collect calls outside North America:
+1 416 304 0211
Inmet Media Contact:
Longview Communications Inc.
+1 416 649 8007