Former Inmet Mining gets tenders for $10 million of 8¾%, 7½% notes

By Angela McDaniels

Tacoma, Wash., May 21 - Inmet Mining Corp. received tenders for about $10 million of notes in the change-of-control offer for its 8¾% senior notes due 2020 and 7½% senior notes due 2021, according to a news release from First Quantum Minerals Ltd.

Inmet Mining was acquired by First Quantum on March 21 and is now its subsidiary. It is now called FQM (Akubra) Inc.

The change-of-control offer began on April 19 and expired at 5 p.m. ET on May 20.

Holders will receive 101% of par plus accrued interest up to but excluding the date of purchase.

The depositary for the offer is Citibank, NA (contact by facsimile at 201 258-3567).

First Quantum is a Vancouver, B.C.-based mining and metals company. FQM (Akubra) is based in Toronto and mines for copper and zinc.

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