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Griffin Mining News
Griffin Mining Limited (“Griffin” or “the Company”), has been notified in writing by Yukon Zinc Corporation (“Yukon Zinc”) that it has received a cash offer from another party for the acquisition of all the issued common stock of Yukon Zinc for a cash price of C$0.22 (twenty two Canadian cents) per share. The directors of Yukon have until 4.00pm, Vancouver time, Monday 28th April 2008, to advise Griffin as to whether they will accept this offer. Under the terms of the agreement between Griffin and Yukon Zinc, Griffin has five business days to address the competing offer and Yukon Zinc has agreed to pay a break fee to Griffin, under certain circumstances, of C$2.5 million and reimburse Griffin expenses incurred upon acceptance of such a competing offer.
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Griffin Mining Limited 6th Floor 60 St James's Street London SW1A 1LE |
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Tel: +44 (0)20 7629 7772 Fax: +44 (0)20 7629 7773 |
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