VANCOUVER, BC, Jan. 15, 2025 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce the completion of the previously announced arrangement involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining"), pursuant to which BHP and Lundin Mining, among other things, acquired all of the issued and outstanding common shares of Filo (the "Filo Shares") not already owned by BHP, Lundin Mining or their respective affiliates (the "Arrangement"). PDF Version
TORONTO, Jan. 10, 2025 /CNW/ - The shareholders of Lundin Mining Corporation (TSX: LUN) together with BHP Group Limited and Filo Corp. (TSX: FIL) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Filo Corp. will be exchanged for 2.3578 shares of Lundin Mining or C$33.00 cash subject to proration of a max cash of C$2,767 million and maximum share consideration of 92.1 million Lundin Mining shares.
In expectation of the arrangement closing, Filo Corp. will be removed from the S&P/TSX Composite Index prior to the open of trading on January 15, 2025. The shares outstanding of Lundin Mining will be increased at the same time to reflect the issuance of shares.
VANCOUVER. BC, Jan. 6, 2025 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that the deadline for registered shareholders (the "Registered Shareholders") of the issued and outstanding common shares of Filo (the "Filo Shares") and for holders of stock options of Filo (the "Optionholders") to make elections in respect of the consideration receivable pursuant to the Arrangement (as defined below) is 5:00 P.M. (Toronto Time) on January 9, 2025 (the "Election Deadline"). PDF Version
VANCOUVER, BC, Dec. 23, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that Nasdaq First North Growth Market has conditionally approved the delisting of the common shares of the Company (the "Filo Shares") from the Nasdaq First North Growth Market following the closing of the Arrangement (as defined below). It is expected that the Filo Shares will be delisted from the Nasdaq First North Growth Market as soon as practicable following the effective date of the arrangement (the "Arrangement") involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining", and together with BHP, the "Purchaser Parties") pursuant to which the Purchaser Parties will, among other things, acquire all of the issued and outstanding Filo Shares not already owned by the Purchaser Parties and their respective affiliates, as previously announced by the Company on July 29, 2024. PDF Version
VANCOUVER, BC, Dec. 12, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that it has mailed and filed letters of transmittal and election forms (the "Letter of Transmittal") to the registered holders (the "Registered Shareholders") of common shares of Filo (the "Filo Shares") and to the holders of stock options of Filo (the "Optionholders") in connection with an arrangement (the "Arrangement") involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining", and together with BHP, the "Purchaser Parties") pursuant to which the Purchaser Parties will, among other things, acquire all of the issued and outstanding Filo Shares not already owned by the Purchaser Parties and their respective affiliates. PDF Version
VANCOUVER, BC, Dec. 11, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce the publication of a Swedish short form document (the "Short Form Document") prepared in accordance with Article 1.4 da) and Annex IX of Regulation (EU) 2017/1129 (the "EU Prospectus Regulation") prepared by Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining") in connection with the previously announced arrangement (the "Arrangement") involving, among others, the Company, BHP Investments Canada Inc. ("BHP", and together with Lundin Mining, the "Purchaser Parties"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining, pursuant to which the Purchaser Parties will, among other things, acquire all of the issued and outstanding common shares of the Company (the "Filo Shares") not already owned by the Purchaser Parties and their respective affiliates. The Short Form Document was filed with the Swedish Financial Supervisory Authority ("SFSA") (Sw. Finansinspektionen) on December 10, 2024, and is available on Lundin Mining's website at www.lundinmining.com. The Short Form Document does not constitute a prospectus within the meaning of the EU Prospectus Regulation and has not been subject to the scrutiny and approval by the SFSA. PDF Version
VANCOUVER, BC, Nov. 21, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo", or the "Company") is pleased to announce assay results from six holes from the Filo del Sol Project. Highlights and detailed results are shown below along with accompanying figures: PDF Version
Drillhole FSDH107 intersected 1,270.0m at 0.92% CuEq from 298.0m in the Aurora Zone, including:52.0m at 218.5 g/t Ag from 508.0m624.0m at 1.13% CuEq from 606.0mDrillhole FSDH112 intersected 1,282.5m at 0.61% CuEq from 96.0m in the Bonita Zone, including:528.5m at 0.97% CuEq from 659.5m1.5km to the northeast of the intersection in FSDH107Drillhole FSDH113 intersected 833.7m at 0.64% CuEq from 532.3m in the Bonita Zone, including:510.0m at 0.71% CuEq from 590.0mDrillhole FSDH116 intersected 610.0m at 0.39 g/t Au, 0.15% Cu and 2.2 g/t Ag from 22.0m in the Tamberias Zone4.3km to the southwest of the intersection in FSDH112VANCOUVER, BC, Nov. 8, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo", or the "Company") announces its results for the three and nine months ended September 30, 2024. PDF Version
Jamie Beck, President & CEO, commented, "We are very happy to have announced the Company's transaction with BHP and Lundin Mining, which delivers compelling value to Filo's shareholders. Our exploration success has been unmatched since the Company was originally spun-out in 2016, and now is the right moment to hand the project off to its next stewards to maximize the potential of this remarkable discovery. We are pleased to have recommenced our drilling program in September through the commendable efforts of our operating team. We now have all nine drilling rigs operating at site."
VANCOUVER, BC, Oct. 8, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that it has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the previously announced arrangement (the "Arrangement") involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining", and together with BHP, the "Purchaser Parties") pursuant to a court-approved plan of arrangement under section 192 of the Canada Business Corporations Act whereby the Purchaser Parties will, among other things, acquire all of the issued and outstanding common shares of Filo (the "Filo Shares") not already owned by the Purchaser Parties and their respective affiliates, all in accordance with the terms of the arrangement agreement dated July 29, 2024 among the Company, Lundin Mining and BHP (as amended, supplemented or otherwise modified from time to time, the "Arrangement Agreement"). As previously announced, on September 26, 2024, the Arrangement was approved by the shareholders of the Company ("Shareholders") at the special meeting of Shareholders held on September 26, 2024 (the "Meeting"). PDF Version
VANCOUVER, BC, Sept. 26, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that the shareholders of the Company (the "Shareholders"), at the special meeting of Shareholders held today (the "Meeting"), approved an arrangement (the "Arrangement") involving, among others, the Company, BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX: LUN) (OMX: LUMI) ("Lundin Mining", and together with BHP, the "Purchaser Parties") pursuant to a court-approved plan of arrangement under section 192 of the Canada Business Corporations Act (the "Plan of Arrangement") whereby the Purchaser Parties will, among other things, acquire all of the issued and outstanding common shares of Filo (the "Filo Shares") not already owned by the Purchaser Parties and their respective affiliates, all in accordance with the terms of the arrangement agreement dated July 29, 2024 among the Company, Lundin Mining and BHP (as amended, supplemented or otherwise modified from time to time, the "Arrangement Agreement"). View PDF
VANCOUVER, BC, Sept. 19, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") announces that its current certified adviser, Aktieinvest FK AB, has recently sold its Certified Adviser division to Bergs Securities AB. As a result of the sale, Filo has engaged Bergs Securities AB as its certified adviser on the Nasdaq First North Growth Market in Stockholm, replacing Aktieinvest FK AB. PDF version
About Filo Corp.
Filo is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in San Juan Province, Argentina and adjacent Region III, Chile. The Company's shares are listed on the TSX and Nasdaq First North Growth Market under the trading symbol "FIL", and on the OTCQX under the symbol "FLMMF".
VANCOUVER, BC, Sept. 3, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that it has mailed and filed a management information circular dated August 26, 2024 and related meeting materials (collectively, the "Meeting Materials") for its special meeting of Shareholders (as defined below) of Filo (the "Meeting") to be held to consider and vote on the proposed Arrangement (as defined below). View PDF
At the Meeting, holders of the common shares ("Filo Shares") of the Company (the "Shareholders") and their duly appointed proxyholders will be asked to consider, and if thought fit, to pass, a special resolution (the "Arrangement Resolution") relating to a proposed plan of arrangement whereby BHP Investments Canada Inc. ("BHP"), a wholly-owned subsidiary of BHP Group Limited, and Lundin Mining Corporation (TSX:LUN) (OMX:LUMI) (together with BHP, the "Purchaser Parties") will, among other things, acquire all of the issued and outstanding Filo Shares not already owned by the Purchaser Parties and their respective affiliates by way of a court-approved plan of arrangement under the Canada Business Corporations Act (the "Arrangement") in accordance with the terms of an arrangement agreement among Filo and the Purchaser Parties (the "Arrangement Agreement"), all as more particularly described in the Meeting Materials.
VANCOUVER, BC, Aug. 26, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo" or the "Company") is pleased to announce that the Ontario Superior Court of Justice (Commercial List) (the "Court") has issued an interim order (the "Interim Order") regarding the Arrangement (as defined below) and authorizing Filo to proceed with various matters relating thereto, including among other things, the calling and holding of a special meeting of the Shareholders (as defined below) of Filo (the "Meeting") to consider and vote on the proposed Arrangement. View PDF
VANCOUVER, BC, Aug. 9, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo", or the "Company") announces its results for the three and six months ended June 30, 2024. View PDF
Jamie Beck, President & CEO, commented, "We are very happy to have announced the Company's transaction with BHP and Lundin Mining, which delivers compelling value to Filo's shareholders. Our exploration success has been unmatched since the Company was originally spun-out in 2016, and now is the right moment to hand the project off to its next stewards to maximize the potential of this remarkable discovery. With respect to our ongoing field program, despite temporarily halting drilling operations during the second quarter due to inclement weather, assays released during the quarter continue to demonstrate the size and scale of the Filo del Sol deposit. Eight holes were underway when operations were suspended due to winter conditions and full results from these holes will be released once they've been completed and assays received. We look forward to drilling again once site conditions allow for a safe resumption of activities."
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