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By Rose Ragsdale
For Mining News 

Sherwood Copper bids for Western Keltic

Minto Mine's owner would gain opportunity to develop copper-rich Kutcho Creek deposit in friendly stock-swap combination

 

Last updated 1/27/2008 at Noon



Sherwood Copper Corp., owner of the Yukon's Minto copper-gold mine, has offered to purchase Western Keltic Mines Inc. in a friendly stock-swap transaction valued at about $37.52 million.

Acting with the blessing of Western Keltic's board of directors, Vancouver, B.C.-based Sherwood mailed its buyout bid to Western Keltic shareholders Dec. 24. Under the terms of the offer, Sherwood would acquir...



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