Hochschild Completes Compulsory Acquisition of Andina Common Shares
Published : February 20, 2013
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Keywords :   Argentina | Canada | Chile | Gold | London | Market | Peru | Precious Metals | Silver |

TORONTO, ONTARIO--(Marketwire - Feb. 20, 2013) - Hochschild Mining plc (LSE:HOCM.L)(LSE:HOC) and Andina Minerals Inc. ("Andina") (News - Market indicators) today announced that 1710503 Alberta Ltd. (the "Offeror"), a wholly-owned subsidiary of Hochschild Mining plc, has completed its previously announced compulsory acquisition under the Business Corporations Act (Alberta) of all of the outstanding Andina common shares ("Andina Shares") not already owned by it following its previously announced successful take-over bid. As a result of the acquisition of such shares, the Offeror now owns 100% of the issued and outstanding Andina Shares.

At Andina's request, the trading of the Andina Shares on the TSX Venture Exchange (the "Exchange") has been halted and Andina expects that it will be delisted from the Exchange on or about February 22, 2013, subject to approval of the Exchange. In addition, Andina intends to apply to the relevant securities commissions to cease to be a reporting issuer in all applicable jurisdictions in Canada.

About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has almost fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. Andina's flagship development project is the 100%-owned Volcan Gold Project, strategically located in the prolific Maricunga Gold Belt in Chile.

In addition to Andina's extensive underexplored land position surrounding the Volcan Gold Project, Andina holds two other mineral properties located within Chile's primary mining regions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Hochschild Mining plc
Charles Gordon
Head of Investor Relations
+44 (0)20 7907 2934
Data and Statistics for these countries : Argentina | Canada | Chile | Peru | All
Gold and Silver Prices for these countries : Argentina | Canada | Chile | Peru | All

Andina Minerals Inc.

EXPLORATION STAGE
CODE : ADM.V
CUSIP : 034219105
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Andina Min. is a gold and silver exploration company based in .

Andina Min. holds various exploration projects in Chile.

Its main exploration properties are ENCRUCIJADA, PAMPA BUENOS AIRES and VOLCAN in Chile.

Andina Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 102.1 millions as of today (US$ 99.4 millions, € 74.4 millions).

Its stock quote reached its lowest recent point on December 30, 2005 at CA$ 0.07, and its highest recent level on December 31, 2007 at CA$ 5.50.

Andina Min. has 129 271 000 shares outstanding.

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In the News and Medias of Andina Minerals Inc.
4/4/2006New analysis
Annual reports of Andina Minerals Inc.
2007 Annual report
2006 Annual report
Option Grants of Andina Minerals Inc.
4/26/2011Grants 80,000 Options to an employee
3/11/2010Grants 1,665,000 Options to officers, directors and employee...
3/6/2009Grants 500,000 Options to Mr. Keith McKay and 200,000 to Mr....
5/10/2007Grants 760,000 Stock Options
4/18/2006Grants 1,566,000 options
9/29/2005Issues 471,000 Stock Options
2/7/2005Grants 1,485,000 stock options to directors, employees and c...
Nominations of Andina Minerals Inc.
1/8/2013Reconstitutes Board of Directors as Hochschild Achieves Mini...
Financials of Andina Minerals Inc.
5/29/2012First Quarter 2012 Update
6/21/2011Files Amended Q1 2011 Financial Statements
Project news of Andina Minerals Inc.
7/20/2011(Pampa Buenos Aires)announces progress on Pampa Buenos Aires, Vein Float Samples...
5/25/2011(Volcan)drills 266 m at 1.00 g/t Au, including 56 m at 2.6 g/t Au at...
2/15/2011(Volcan)Drills 104 m at 2.21 g/t Au, Including 30 m at 3.98 g/t Au a...
6/7/2010(Volcan)Drills 110 Metres of 1.72 g/t Gold in the Dorado West Zone
6/1/2010(Volcan)Concludes 2009 Barrick Land Acquisition and Issues 1,408,980...
9/11/2009(Volcan)Increases Measured & Indicated Resources at Volcan Gold Proj...
Corporate news of Andina Minerals Inc.
2/20/2013Hochschild Completes Compulsory Acquisition of Andina Common...
1/14/2013Announces Expiry of Successful Bid by Hochschild Mining plc
11/8/2012Agrees to Friendly Business Combination With Hochschild Mini...
9/27/2012Permit Update
4/25/2012presents at the Denver Gold Group Forum and Precious Metals ...
10/5/2011Provides Corporate Update
12/18/2009Trenching at Ojo de Agua East Encounters Widespread Minerali...
12/10/2009announces exercise of over-allotment option
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