TORONTO, ONTARIO, Oct 22, 2010 (Marketwire via COMTEX News Network)
-- HudBay Minerals Inc. ("HudBay", the "company") (TSX:HBM) (NYSE:HBM)
today announced that its common shares will commence trading on the New
York Stock Exchange at the opening of the market on October 25, 2010.
The shares will be traded under the ticker symbol 'HBM', the same ticker
symbol the company's original shares were listed under on the New York
Stock Exchange from 1938 until 1983.
"Our return to the New York
Stock Exchange is a historic milestone for HudBay that will offer our
current and potential shareholders the best trading environment for our
equity," said David Garofalo, president and chief executive officer.
"Our listing on the NYSE will provide us with greater visibility and
increased liquidity on the world's largest stock exchange."
Members
of the company's senior management, including
David Garofalo and its board of directors including G. Wesley Voorheis,
chairman, will be commemorating the company's return to the New York
Stock Exchange by ringing the opening bell on Friday, November 5, 2010.
No
HudBay shares will be issued in conjunction with the listing. The
company will continue to trade its common shares on the Toronto Stock
Exchange under the ticker symbol 'HBM'.
HudBay Minerals Inc.: Strength to Build the Future
HudBay
Minerals Inc. (TSX:HBM) (NYSE:HBM) is a Canadian integrated mining
company with assets in North and Central America principally focused on
the discovery, production and marketing of metals. The company's
objective is to maximize shareholder value through efficient operations,
organic growth and accretive acquisitions, while maintaining its
financial strength. A member of the S&P/TSX Composite Index and the
S&P/TSX Global Mining Index, HudBay is committed to high standards
of corporate
governance and sustainability.
Forward-Looking Information
This
news release contains "forward-looking information" within the meaning
of applicable securities laws. Forward-looking information includes but
is not limited to information with respect to trading on the New York
Stock. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "understands" or "does not
anticipate", or "believes" or variations of such words and phrases or
statements that certain actions, events or results "will", "may",
"could", "would", "might", or "will be taken", "occur", or "be
achieved". Forward looking information is based on the views, opinions,
intentions and estimates of management at the date the
information is made, and is based on a number of assumptions and subject
to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
anticipated or projected in the forward-looking information (including
the actions of other parties who have agreed to do certain things and
the approval of certain regulatory bodies).
Many of these
assumptions are based on factors and events that are not within the
control of HudBay and there is no assurance they will prove to be
correct. Factors that could cause actual results or events to vary
materially from results or events anticipated by such forward-looking
information are discussed in the company's Annual Information Form dated
March 31, 2010, which risks may cause actual results to differ
materially from any forward looking statement.
Although HudBay
has
attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be anticipated, estimated or intended.
There can be no assurance that forward-looking information will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such information. HudBay undertakes
no obligation to update forward-looking information if circumstances or
management's estimates or opinions should change except as required by
applicable securities laws, or to comment on analyses, expectations or
statements made by third parties in respect of HudBay, its financial or
operating results or its securities. The reader is cautioned not to
place undue reliance on forward-looking information.
(HBM-G)
SOURCE: HudBay Minerals Inc.
HudBay Minerals Inc.
John Vincic, Vice President,
Investor Relations and Corporate Communications
(416) 362 0615
john.vincic@hudbayminerals.com
www.hudbayminerals.com
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