As part of the deal, Minco took control of 150.9m shares, equalling 90.7% of Buchans' equity capital, in a share-swap transaction at a ratio of 0.826 Minco shares for each Buchans share.
Minco expects that the acquisition of Buchans will support its strategy to create a strong base metals exploration and development company with assets in Canada, Ireland and the UK.
This was the fate of Buchan's warehouse in Byker in September 1970.
Mr Buchan, of North Shields, was told of the fire soon after it started.
ASARCO conducted extensive research on samples of Buchans ore, and by 1925 had developed a successful metallurgical method of separating the fine-grained zinc, lead and copper minerals.
The Buchans orebodies are part of the Middle Ordovician Buchans Group, which comprises an allochthonous sequence of bimodal, submarine volcanic rocks that were deposited in the Iapetus Ocean near the margin of Laurentia.
, 41, was sentenced to 30 months last year and struck off after being found guilty of five indecent assaults.
Felsic volcanic samples from the Buchans
East area are tholeiitic to transitional, whereas those in the Buchans
camp proper generally are calc-alkaline to calc-alkaline-transitional suggesting that the eastern rocks are not Buchans
Group sensu stricto, but are composites of Buchans
Group and tholeiitic sequences.
Irish exploration and development company Minco plc (AIM:MIO) said today that it has acquired approximately 10% of the shares of Canadian resource company Buchans
Minerals Corp (TSX-V:BMC) for CAD1m in a private placement.
And that, I suspect, is precisely how Buchan
intended them to be read.