{"id":1111149,"date":"2019-04-16T10:49:34","date_gmt":"2019-04-16T10:49:34","guid":{"rendered":"http:\/\/www.mining.com\/?p=982337"},"modified":"2019-04-16T10:49:34","modified_gmt":"2019-04-16T10:49:34","slug":"hudbay-minerals-investor-waterton-takes-miner-to-court","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1111149","title":{"rendered":"Hudbay Minerals’ investor Waterton takes miner to court"},"content":{"rendered":"

Hudbay Minerals\u2019 (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner<\/a> in a bid to constrain its ability to solicit proxies.<\/p>\n

The private-equity firm, Hudbay says, also claims the company\u2019s management information circular in respect of its yearly and special shareholders meeting scheduled for May 7, contains misrepresentations.<\/p>\n

The private-equity firm claims Hudbay\u2019s management information circular about yearly meeting scheduled for May 7, contains misrepresentations.<\/q><\/p>\n

\u201cHudbay believes that the litigation is frivolous and will vigorously defend itself. The company will seek to recover its legal costs from Waterton and will provide further updates on this matter as developments warrant,\u201d it said on Tuesday.<\/p>\n

Waterton, which holds about 12% of the base metals producer, sparked an ongoing boardroom battle last year<\/a>, after announcing its intention to try replacing the Toronto-based miner\u2019s chief executive officer and overhaul the board. It recently nominated eight new directors<\/a>.<\/p>\n

The firm has also put forward former Nevsun\u2019s executive\u00a0Peter Kukielski\u00a0as potential CEO and board member, suggesting former head of the Toronto Stock Exchange\u2019s parent company,\u00a0Richard Nesbitt, as a potential chairperson at Hudbay.<\/p>\n

The miner has said that replacing 80% of its board, including the chairperson and CEO, was \u201cunnecessary and ill-timed\u201d.<\/p>\n

Hudbay mines for zinc and copper, primarily in Canada\u2019s Manitoba province, and also has operations in Peru and Arizona.<\/p>\n

The post Hudbay Minerals’ investor Waterton takes miner to court<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Canadian miner’s second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.<\/p>\n

The post Hudbay Minerals’ investor Waterton takes miner to court<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[736,1072,404,369,440,428,435],"tags":[25,28,33,48,71,86,102],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111149"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1111149"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111149\/revisions"}],"predecessor-version":[{"id":1111341,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1111149\/revisions\/1111341"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1111149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1111149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1111149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}