Hana Mining Ltd. entered into an arrangement agreement dated Oct. 24, 2012, with Cupric Canyon Capital LP and Cuprous Capital Ltd., a wholly owned subsidiary of Cupric, pursuant to which Cuprous has acquired by way of court-approved plan of arrangement under the Business Corporations Act (British Columbia) all of the outstanding securities of Hana.

Pursuant to the arrangement agreement, each Hana shareholder will be entitled to receive 82 cents for each Hana share held.

Hana shareholder approval was obtained Dec. 27, 2012, and the Supreme Court of British Columbia issued a final approval approving the arrangement on Jan. 7, 2013. The arrangement was completed on Feb. 20, 2013.

Effective at the open of business, Friday, Feb. 22, 2013, the common shares of Hana will be delisted from the TSX Venture Exchange at the request of the company.