mxx says to redeem all outstanding shares

Mineral Securities says to redeem all outstanding shares
Mon. September 22, 2008; Posted: 03:29 AM

LONDON, Sep 22, 2008 (Thomson Financial via COMTEX) -- MINEF | Quote | Chart | News | PowerRating -- Mineral Securities Ltd. said it has received notice from its 94.7 percent shareholder CopperCo Ltd., requiring the company to redeem all outstanding shares of the company, other than those owned by CopperCo.
The redemption will take effect immediately following the close of the notice period at 5.00 pm London time on Monday 29 Sept., subject to certain statutory protection rights for shareholders.

Mineral Securities said it had agreed with AIM Regulation that cancellation of its listing will take place immediately following completion of the compulsory redemption, when CopperCo has acquired 100 percent of the outstanding shares.

The earliest date that cancellation could occur is Tuesday, Sept. 30., it added. [email protected] yos/slm