Augusta Resource responds to announcement by Hudbay Minerals Augusta Resource (AZC) states that its board will meet this week to discuss the press release of Hudbay Minerals (HBM) issued on Sunday, February 9, that announces their intention to commence an offer to acquire all of the issued and outstanding common shares of Augusta. The Ccmpany will update its shareholders following that board meeting. In the meantime, shareholders are urged to take no actions in connection with the Hudbay offer.
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Augusta Resource to defend shareholders' ability to vote on rights plan Augusta Resource notes the announcement by HudBay Minerals that it has applied to the British Columbia Securities Commission to seek to cease trade Augusta's shareholder rights plan. This is a deliberate attempt by HudBay to deny Augusta's shareholders of their ability to make one of the most critical decisions in respect of their investment in Augusta. Augusta will vigorously defend the ability of its shareholders to vote on its rights plan at any hearing that may be called.