Hi everyone,
If EQN is on anyones take-over radar now would be a good time to take a serious chunk of Equinox share, and start building a serious stake in this company to launch a take-over.
First Quantum Announces Intention to Sell Equinox Shares
First Quantum Minerals Ltd ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) announced today that it has engaged RBC Capital Markets and BMO Capital Markets to act as agents to solicit purchasers for its approximate 16% equity interest in Equinox Minerals Limited (TSX:EQN)(ASX:EQN) ("Equinox"), consisting of approximately 113.8 million Equinox common shares.
First Quantum intends to deploy the net proceeds from the transaction into the advancement of its diversified pipeline of growth projects. First Quantum currently has three significant development projects underway - the Ravensthorpe nickel project in Australia, scheduled for commissioning in 2011; the Kevitsa nickel-copper-PGE project in Finland, scheduled for commissioning in 2012; and the Sentinel deposit in Zambia, which is being advanced towards a development decision. First Quantum also has a definitive agreement to acquire Antares Minerals Inc., owner of the Haquira deposit in Peru, one of the world's major undeveloped copper deposits.
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