TORONTO (miningweekly.com) – TSX-listed copper-miner has acquired all the shares of Centenario Copper, through a plan of arrangement, the firms announced late on Wednesday.

Former Centenario shareholders are entitled to receive 0,28 of a Quadra share for each Centenario share they own, and Centenario was expected to be delisted from the TSX on Thursday or soon thereafter.

The company's shareholders unanimously approved the plan of arrangement with Quadra at a meeting on Tuesday.

“The completion of the transaction advances our growth strategy and our progression to mid-tier status, with three mines in operation or start-up,” said Quadra CEO Paul Blythe.

Centenario's flagship asset is its Franke mine, in Chile, which is almost completed but must still go through commissioning.

Quadra operates two copper mines in the US - the Carlota operation in Arizona and the Robinson mine, in Nevada.

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