https://www.engineeringnews.co.za
Copper|Gold|Mining
Copper|Gold|Mining
copper|gold|mining

Orion to sell A$593m Capstone stake

8th April 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Three Orion funds are set to divest an 8.3% stake in Capstone Copper through a secondary offering, with an anticipated value of A$592.8-million.

The deal involves a strategic block trade agreement with Macquarie Capital, Canaccord Genuity, and RBC Capital Markets. The agreement will see the sale of 62.4-million CHESS depositary interests (CDIs) over common shares of Capstone at a price of A$9.50 per CDI.

The secondary offering is scheduled to conclude on April 9.

Capstone Copper is an Americas-focused copper mining company headquartered in Vancouver. It owns and operates the Pinto Valley copper mine in Arizona, the Cozamin copper/silver mine located in Mexico, the Mantos Blancos copper/silver mine located in Chile, and 70% of the Mantoverde copper/gold mine, located in the Atacama region, Chile.

 

Edited by Creamer Media Reporter

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.095 0.16s - 158pq - 2rq
Subscribe Now