09:33 AM EST - Minera Andes Inc. : announced its common shares are being acquired by Hochschild Mining Plc its JV partner at San José, through a share transaction arrangement under the Business Corporations Act. Hochschild has offered 0.22 shares for each share of Minera held, reflecting $0.50 U.S. or $0.62 share price for each Minera share as of the February 5 closing price. Further, Hochschild said it would acquire 49 per cent of Minera's ownership interest in San José for a cash consideration equal to $70 million U.S., representing a cash consideration of approximately $0.45 per Minera share. Minera Andes Inc.
shares T.MAI are trading up $0.045 at $0.53.
