CORRESP 1 filename1.htm

 

MILBANK, TWEED, HADLEY & McCLOY LLP

 

LOS ANGELES

213-892-4000

FAX: 213-629-5063

 

WASHINGTON, D.C.

202-835-7500

FAX: 202-835-7586

 

LONDON

44-20-7615-3000

FAX: 44-20-7615-3100

 

FRANKFURT

49-(0)69-71914-3400

FAX: 49-(0)69-71914-3500

 

MUNICH

49-89-25559-3600

FAX: 49-89-25559-3700

1 CHASE MANHATTAN PLAZA

 

NEW YORK, NY 10005

 


 

212-530-5000

 

FAX: 212-530-5219

 

BEIJING

8610-5969-2700

FAX: 8610-5969-2707

 

HONG KONG

852-2971-4888

FAX: 852-2840-0792

 

SINGAPORE

65-6428-2400

FAX: 65-6428-2500

 

TOKYO

813-5410-2801

FAX: 813-5410-2891

 

SÃO PAULO

55-11-3927-7700

FAX: 55-11-3927-7777

 

March 28, 2014

 

VIA EDGAR, ORIGINAL TO FOLLOW BY U.S. MAIL

 

Geoff Kruczek
Attorney-Adviser, Office of Mergers and Acquisitions

United States Securities and Exchange Commission

100 F. Street, N.E.

Washington, D.C. 20549-3628

 

Re:                             Augusta Resource Corporation
Amended Schedule TO-T filed by HudBay Minerals Inc.
Filed March 10
, 2014
File No. 005
-82241

 

Dear Mr. Kruczek:

 

This letter is written on behalf of our client, HudBay Minerals Inc. (the “Company”), in response to the oral comments of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) received by telephone on March 13, 2014 relating to the Schedule TO-T, filed by the Company with the Commission on February 11, 2014 (as amended, the “Schedule TO”).  For ease of reference, a summary of each oral comment is printed below in italics and is followed by the Company’s response.  Any capitalized term used but not defined herein has the meaning ascribed to such term in the Offer and Circular dated February 10, 2014, which is Exhibit (a)(1)(i) to the Schedule TO (the “Original Offer and Circular”).

 

1.                                      The Staff requested that the Company clarify on pages (v) and 21 of the Original Offer and Circular that the right of Augusta Shareholders to withdraw tendered Augusta

 



 

Shares if the Company does not pay for such shares within three business days of taking up such shares would be available only if the Company defaulted on its obligation to pay for Augusta Shares as soon as practicable after they are taken up.

 

Response:  In response to the Staff’s oral comment, the Company amended the disclosure on pages (v) and 21 of the Original Offer and Circular in the Notice of Variation and Extension filed on March 14, 2014 as Exhibit (a)(1)(xxvi) to the Schedule TO (the “First Notice”).

 

2.                                      The Staff requested that the Company clarify that it would take up shares by 9:00 a.m. on the business day following the end of the initial offering period.

 

Response:  In response to the Staff’s oral comment, the Company amended the disclosure on pages 5, 10, 20 and 81 of the Original Offer and Circular in the First Notice.

 

3.                                      The Staff requested that the Company clarify that the conditions to the Offer must be asserted prior to the end of the initial offering period.

 

Response:  In response to the Staff’s oral comment, the Company amended the disclosure on page 18 of the Original Offer and Circular in the First Notice.

 

Additional Information

 

The Company acknowledges that: (i) the Company is responsible for the adequacy and accuracy of the disclosure in the filing; (ii) Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and (iii) the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 

If you need further information or wish to discuss these matters further, please do not hesitate to contact me at 212-530-5026 or mmandel@milbank.com.

 

 

Very truly yours,

 

 

 

/s/Mark L. Mandel

 

 

 

Mark L. Mandel

 

Copies to:              Patrick Donnelly, HudBay Minerals Inc.

Mark Haber, HudBay Minerals Inc.

Kari MacKay, Goodmans LLP

 

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