Lorito Holdings S.à.r.l. and Zebra Holdings and Investments S.à.r.l., two companies controlled by a trust settled by the late Adolf H. Lundin, have transferred to Nemesia S.à.r.l. 37,557,844 common shares and 54,964,854 common shares respectively of Lundin Mining Corp (TSX: LUN; OMX:LUMI) representing 12.78% of the outstanding shares.
Pursuant to the reorganization, Lorito and Zebra received Class C shares in the capital of Nemesia in exchange for the shares of Lundin Mining transferred to Nemesia and as a result Lorito and Zebra hold 100% of the outstanding Class C shares of Nemesia and zero common shares in Lundin Mining.
The common shares of Lundin Mining had a deemed value of CDN $8.07 for purposes of the reorganization.