Reuters reported that Quadra FNX is not worried by recent conflicting signals from the Polish government about Polish copper producer KGHM's proposed CAD 3 billion acquisition of Quadra.

Mr Paul Blythe CEO of Quadra FNX said that concerns about a comment from a Polish official about reviewing the deal were overblown. Poland owns 32% stake in KGHM and it recently blocked KGHM's proposal for PLN 3 billion share buyback.

Last week, comments about a possible Polish review of KGHM's proposed acquisition of Quadra led to a sell off in shares of the Canadian miner. Shares pared losses after Poland's deputy treasury minister assured markets that the government did not view the deal unfavorably.

Mr Blythe said that it is business as usual for the Canadian copper miner even with the shareholder vote on the proposed deal fast approaching.

He said that Quadra continues to advance development work at its large Sierra Gorda copper-molybdenum project in Chile. Recent preliminary agreements signed with native groups should also help it move forward on its Victoria nickel and copper project in Sudbury, Ontario.

The Vancouver, British Columbia based mid-tier miner owns mines and projects spread across Canada, the United States, Greenland and Chile. For the KGHM bid to succeed it requires two thirds of the votes cast by Quadra shareholders at the special shareholder meeting scheduled for February 20th 2012 in Vancouver.

Mr Blythe said that "There is some level of votes in but really most of the votes are going to come in shortly before the 20th and only then with confidence can we say it's going to happen. But most of the shareholders I've talked to understand why we are recommending the deal. If it's helpful, I haven't had any angry phone calls but that's probably because our shareholders are a polite bunch."

(Sourced from Reuters)