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Tahoe and Rio

Deal. NR here

Under the terms of the
Arrangement Agreement, all of the Rio Alto issued and outstanding common
shares will be exchanged on the basis of 0.227 of a Tahoe common share
and C$0.001 in cash per Rio Alto share (Exchange Ratio). Upon completion
of the Transaction, existing Tahoe and Rio Alto shareholders will own
approximately 65 percent and 35 percent of the combined company,
respectively.
Based on the closing
price of Tahoe’s common shares on the Toronto Stock Exchange (TSX) of
C$17.64 on February 6, 2015, the offer implies consideration of C$4.00
per Rio Alto share which represents a premium of 22.1 percent to the
closing price of Rio Alto shares of C$3.28 on the TSX on February 6,
2015 and a premium of 20.3 percent based on the volume weighted average
prices of each respective company on the TSX for the 20-day period
ending on February 6, 2015.

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