Business: Trafigura Beheer acquires 8.7% stake in Andean American for US$2.9mn

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News - Wednesday, March 31, 2010

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* Trafigura Beheer acquires 8.7% stake in Andean American for US$2.9mn - Peru

International commodities trader Trafigura Beheer has agreed to make an equity investment of Cdn$3mn (US$2.9mn) in Vancouver-based Andean American Mining (TSX-V: AAG), which at current prices translates into a roughly 8.7% stake, Andean's IR official Nancy Massicotte told BNamericas.

Trafigura will acquire some 7.5mn shares, Massicotte said, adding that funds will be used for further construction at the Invicta polymetallic project in Peru and general corporate affairs.

Andean American said i ... more
http://www.bnamericas.com/news/mining/Trafigura_Beheer_acquires_8,7*_stake_in_Andean_American_for_US*2,9mn/180779880

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