Rights Action
April 16, 2019
Hudbay Minerals sued by shareholders, as landmark lawsuits for gang-rapes, killing and aggravated assault in Guatemala continue
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Hudbay Announces Commencement of Legal Proceedings by Waterton Global Resource Mgmt
April 16, 2019
TORONTO, April 16, 2019 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that Waterton Global Resource Management, Inc. (“Waterton”), which is currently waging a proxy contest against the company, has commenced a legal proceeding in the Ontario Superior Court against Hudbay. Waterton alleges that the company’s management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations and seeks to constrain the company’s ability to solicit proxies. Hudbay believes that the litigation is frivolous and will vigorously defend itself. The company will seek to recover its legal costs from Waterton and will provide further updates on this matter as developments warrant.

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