Capstone Copper Corp. (OTC:CSCCF) and Orion Mine Finance have brokered a financial deal, arranging a bought deal worth $375 million Canadian dollars with a syndicate of underwriters led by RBC Capital Markets.
The deal is expected to close on Feb. 8, 2024, subject to customary closing conditions and regulatory approvals.
“This marks an exciting time for Capstone. Mantoverde Development Project (MVDP) is transformational for our business and provides the base for incredible growth in the Mantoverde-Santo Domingo District,” said Capstone CEO John MacKenzie.
As part of the offering, Capstone Copper will issue 47,620,000 common shares at CA$6.30 each, generating gross proceeds of CA$300,006,000. Capstone will use net proceeds to advance near-term growth initiatives in Chile, ...