TORONTO, Aug. 26 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following index changes:
- The shareholders of Skye Resources Inc. (TSX:SKR) have accepted the
share exchange offer from HudBay Minerals Inc. (TSX:HBM). Skye
Resources shareholders will receive 0.61 common shares of HudBay
Minerals for each share held. Skye Resources will be removed from the
S&P/TSX SmallCap, Equity SmallCap and Global Mining indices after the
close of trading on Wednesday, August 27, 2008. The relative weight
of HudBay Minerals Inc. (TSX:HBM) will increase in the S&P/TSX Global
Mining Index to reflect the issuance of shares as part of the
acquisition of Skye Resources.
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.
About Standard & Poor's Index Services
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of investor needs. Its family of indices includes the S&P 500, an index with
$1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global
1200, a composite index comprised of seven regional and country headline
indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
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independent credit ratings, indices, risk evaluation, investment research and
data. With approximately 8,500 employees, including wholly owned affiliates,
located in 23 countries, Standard & Poor's is an essential part of the world's
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information, visit: www.standardandpoors.com.
For further information:
For further information: Tony North, Tel. (416) 507-3200,
email@example.com; Dave Guarino, (212) 438-1471,