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Nyrstar (0JNH)

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Friday 26 August, 2011

Nyrstar

Nyrstar Successfully Completes Friendly Offer t...






Regulated Information

26 August 2011


Nyrstar   NV   ("Nyrstar")   today   announced   that  82,760,567 common  shares
("Breakwater  Shares")  of  Breakwater  Resources Ltd. (TSX: BWR) ("Breakwater")
(which  represent approximately 92.267% of the issued and outstanding Breakwater
Shares  on a fully diluted basis) have been validly deposited and taken up under
the  offer by  Nyrstar to  acquire all  of the  Breakwater Shares  (the "Nyrstar
Offer").

The Nyrstar Offer was conditional on a number of customary conditions, including
a  minimum  acceptance  condition  of  66 (2)/(3)%, receipt  of  all  regulatory
approvals and no material adverse change in Breakwater's business.  All of these
conditions  have been satisfied or waived and the Nyrstar Offer is now expired.
Nyrstar  has taken up all  of the Breakwater Shares  deposited under the Nyrstar
Offer.  Payment for the deposited shares will be made on 30 August 2011.

As  more than 90% of the  Common Shares sought were  deposited under the Nyrstar
Offer,  Nyrstar  intends  to  promptly  acquire  all of the remaining Breakwater
common  shares pursuant to  the compulsory acquisition  provisions of the Canada
Business Corporations Act. Nyrstar further intends to cause the common shares of
Breakwater  to be de-listed from the Toronto Stock Exchange and cause Breakwater
to  cease to be a  reporting issuer under applicable  securities laws as soon as
possible.

Commenting  on  the  Nyrstar  Offer,  Nyrstar's  Chief Executive Officer, Roland
Junck, said,

"The  acquisition  of  Breakwater,  in  line  with  our strategy, is an exciting
opportunity  to significantly increase our level of zinc integration from 31% to
43%, assuming all mining operations at full production as expected by the end of
2012.

The  acquisition  will  provide  immediate  production  and  cashflows  and will
reinforce  and further diversify our multi-metals profile whilst maintaining our
competitive cash cost position.

Our in-depth market knowledge across our multi-metals value chain will enable us
to extract the maximum value inherit in these poly-metallic ore bodies.

Our  immediate  focus  will  be  the  successful  integration  of the Breakwater
operations.  Nyrstar also remains  focused on growth,  and our enhanced size and
scale  will provide a  robust platform for  further growth opportunities in zinc
and other metals within our multi-metals portfolio.

We look forward to welcoming the Breakwater employees to Nyrstar."

                                    - end -


For investor information contact:
Anthony Simms, Manager Investor Relations
T +41 44 745 8157, M +41 79 722 2152
[email protected]

For media information contact:
Kate Dinon, Group Manager Corporate Communications
T +41 55 745 8154, M +41 797 228 466
[email protected]



About Nyrstar
The  partner of choice in essential resources  for the development of a changing
world.  Nyrstar is a leading global multi-metals business, producing significant
quantities  of zinc and lead  as well as other  products (including silver, gold
and copper).  Nyrstar is listed on NYSE Euronext Brussels under the symbol NYR.
For further information visit the Nyrstar website,www.nyrstar.com.


About Breakwater
Breakwater  is a mining, exploration and  development company which produces and
sells  zinc, copper, lead  and gold concentrates  to customers around the world.
The  Company's  concentrate  production  is  derived  from three mines in Chile,
Honduras and Canada. Breakwater is preparing the Langlois mine in Quebec, Canada
for production in the first quarter of 2012.


IMPORTANT INFORMATION

This  announcement has been prepared by Nyrstar NV (the "Company").  It does not
constitute  or  form  part  of,  and  should  not  be  construed  as,  an offer,
solicitation  or invitation to  subscribe for, underwrite  or otherwise acquire,
any  securities of the Company or  any member of its group  nor should it or any
part  of it form the basis of, or  be relied on in connection with, any contract
to  purchase or subscribe for any securities of the Company or any member of its
group,  nor shall  it or  any part  of it  form the  basis of or be relied on in
connection with any contract or commitment whatsoever.

The  information included in  this announcement has  been provided to you solely
for  your information  and background  and is  subject to  updating, completion,
revision  and  amendment  and  such  information  may change materially.  Unless
required  by applicable law or regulation, no  person is under any obligation to
update  or keep current  the information contained  in this announcement and any
opinions expressed in relation thereto are subject to change without notice.  No
representation  or warranty,  express or  implied, is  made as  to the fairness,
accuracy,  reasonableness or  completeness of  the information contained herein.
Neither  the Company  nor any  other person  accepts any  liability for any loss
howsoever  arising,  directly  or  indirectly,  from  this  announcement  or its
contents.

This document and any materials distributed in connection with this document are
not directed to, or intended for distribution to or use by, any person or entity
that  is a  citizen or  resident or  located in  any locality, state, country or
other  jurisdiction where  such distribution,  publication, availability  or use
would  be contrary to law or regulation  or which would require any registration
or licensing within such jurisdiction.


The full press release can be downloaded from the following link:



Press Release (French) : 


http://hugin.info/138416/R/1541488/471624.pdf

Press Release (English): 


http://hugin.info/138416/R/1541488/471622.pdf

Press Release (Dutch): 


http://hugin.info/138416/R/1541488/471623.pdf




This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Nyrstar via Thomson Reuters ONE

[HUG#1541488] 
  



                                         

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