Metminco declares Andes offer unconditional

ASX-listed Metminco has declared its takeover offer for target Andes Resources to be unconditional.

Under the terms of the off-market agreement Metminco would issue 25 of its own shares for every Andes share held, with the merger to be conditional on a number of conditions, including a minimum 90% acceptance and the completion of a total of A$4-million capital raise.