Rio Tinto, through an indirect wholly owned subsidiary, has acquired uranium mining company Hathor Exploration.
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The firm is now the registered holder of 135,290,661 Hathor common shares, representing 100% of the outstanding Hathor common shares on a fully-diluted basis.
The Hathor common shares have been delisted from the Toronto Stock Exchange and Hathor now needs to apply to the relevant securities commissions to cease to be a reporting issuer in all applicable Canadian jurisdictions.
The news follows Rio Tinto’s acquisition of a 70.21% stake in Canadian company Hathor Exploration for a total amount of A$627m (US$641.6m) last month.
As per the deal, Rio Tinto acquired 94,950,089 common shares of Hathor within ten days.
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By GlobalDataLater in that month, Rio Tinto extended its offer to acquire 111,170,930 Hathor Exploration common shares, representing 87.26% of the outstanding Hathor common shares.
Image: Rio Tinto now holds 135,290,661 common shares of Hathor Exploration, which have been delisted from the Toronto Stock Exchange. Photo: Rio Tinto.
