LONDON (Alliance News) - Copper Development Corporation Wednesday announced a tender offer to buy back and cancel some or all of its issued shares.
The company, a copper miner operating in the Philippines, set out a circular stating that it will acquire up to the entire issued share capital of 230.4 million shares at a proposed price of 3.79 pence per share, subject to any adjustments.
Copper Development shares were up 51% to 3.51 pence, making it the top AIM mover in early trading Wednesday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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