TORONTO, June 27 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:
- The shareholders of Tenke Mining Corp. (TSX:TNK) have approved the
acquisition of the company by Lundin Mining Corporation (TSX:LUN).
Tenke Mining will be removed from the S&P/TSX Composite and Capped
Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX
Completion and Equity Completion, the S&P/TSX SmallCap and Equity
SmallCap, the S&P/TSX Capped Materials and Capped Diversified Metals
& Mining and the S&P/TSX Global Mining indices. Tenke Mining's South
American portfolio of assets will be spun out to a TSX-listed company
named Suramina Resources Inc. (TSX:SAX). Suramina Resources will be
added to all the same indices listed above at zero price. The
relative weight of Lundin Mining will increase in the S&P/TSX
Composite and Capped Composite, the S&P/TSX Equity and Capped Equity,
the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX Capped Materials
and Capped Diversified Metals & Mining and the S&P/TSX Global Mining
indices to reflect the issuance of shares as part of the transaction.
The transaction will be effective after the close on Wednesday,
July 4, 2007. Suramina Resources will be removed from all indices
after the close of trading on Thursday, July 5, 2007.
Company additions to and deletions from an S&P equity index do not in any
way reflect an opinion on the investment merits of the company.
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