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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

     

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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

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