First Quantum Minerals completes C$470 million acquisition of Lumina Copper Corp.

Date Closed: 08/19/2014

Value: C$470 million

On August 19, 2014, First Quantum Minerals Ltd. (First Quantum or the Company and Lumina Copper Corp. (Lumina) completed the plan of arrangement (the Arrangement) under the Business Corporations Act (British Columbia) whereby First Quantum acquired all of the issued and outstanding securities of Lumina.

Under the terms of the Arrangement, former Lumina securityyholders who elected the full proration option received $5.00 in cash and 0.2174 of a First Quantum common share in respect of each of their Lumina common shares. Former Lumina securityholders who elected the First Quantum share option received approximately 0.2724 First Quantum common shares and approximately $3.74 in cash for each of their Lumina common shares. Former Lumina shareholders who elected the cash option received $10.00 in cash for each of their Lumina common shares.

Pursuant to the Arrangement, First Quantum acquired 42,924,001 common shares of Lumina representing 94.5% of the issued and outstanding common shares of Lumina, being all of the common shares of Lumina not owned by First Quantum prior to the Arrangement. Following the Arrangement, First Quantum owns and controls 100% of the issued and outstanding common shares of Lumina. All outstanding options of Lumina were cancelled pursuant to the Arrangement.

Lumina, headquartered in Vancouver, British Columbia, is the 100% owner of the Taca Taca copper deposit located in the Puna region of Salta Province in northwest Argentina.

First Quantum, headquartered in Vancouver, British Columbia, is a mining and metals company.

BLG  represented Lumina, with a team led by Fred R. Pletcher that includes Graeme D. Martindale, Oggy Talic, Robert D. Wallis, Andy Roy and Scott Howie (Securities), Randy Morphy (Tax), Martha Martindale (Financial Services), Stephen Antle and Michelle Maniago(Court application).