TORONTO, ONTARIO, Jan 8, 2010 (Marketwire via COMTEX News Network) --
HudBay Minerals Inc. (TSX:HBM) ("HudBay") today announced that it has
concurrently exercised 1,930,302 warrants in Polar Star Mining
Corporation (TSX VENTURE:PSR) ("Polar Star") at an exercise price of
CDN$1.00 per warrant, and sold the 1,930,302 resulting common shares
through the facilities of the TSX Venture Exchange at a price of
CDN$1.047 per share. Following these transactions, HudBay's aggregate
shareholding in Polar Star remains 6,873,704 common shares, representing
11.0% of Polar Star's issued and outstanding common shares as at
November 6, 2009. HudBay no longer holds any warrants of Polar Star.
HudBay Minerals Inc.: Strength to Build the Future
HudBay
Minerals Inc. (TSX:HBM) is a Canadian integrated mining company with
assets in North and Central America principally focused on the
discovery,
production and marketing of base metals. The company's objective is to
increase shareholder value through efficient operations, organic growth
and accretive acquisitions, all while maintaining its financial
strength. A member of the S&P/TSX Composite Index and the
S&P/TSX Global Mining Index, HudBay Minerals is committed to high
standards of corporate governance and sustainability.
(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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