Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is
pleased to announce the voting results of its special meeting (the
“Meeting”) of Capstone shareholders, optionholders, restricted
share units (“RSU”), performance units (“PSU”) and deferred share
units (“DSU”) holders of Capstone (collectively, the
“Securityholders”) held on February 28, 2022. At the Meeting,
Securityholders were asked to consider, and if thought fit, to pass
a special resolution (the “Arrangement Resolution”) to approve the
proposed acquisition by way of plan of arrangement (the
“Arrangement”) by Mantos Copper (Bermuda) Limited (“Mantos”) of all
of the issued and outstanding shares of Capstone.
Darren Pylot, CEO of Capstone, commented, “I would like to thank
our shareholders for supporting this transaction. Together with the
Mantos team, we are very excited about the path forward for
Capstone Copper, as we put our collective expertise to work and
execute on the transformational growth we have ahead of us.”
The Arrangement Resolution required the approval of: (i) at
least two-thirds of the votes cast by Shareholders; (ii) two-thirds
of the votes cast by Securityholders, voting together as a single
class; and (iii) a simple majority of the votes casts by
Shareholders other than votes attached to Capstone Shares required
to be excluded pursuant to Multilateral Instrument 61-101-
Protection of Minority Security Holders in Special Transactions
(“MI 61-101”).
The total number of Capstone Shares represented by Shareholders
present in person or by proxy at the Meeting was 284,138,589,
representing in total 68.71% of the issued and outstanding Capstone
Shares. At the Meeting, Shareholders approved the Arrangement
Resolution with approximately 99.95% of the votes cast at the
Meeting in favour of the Arrangement. Securityholders approved the
Arrangement Resolution with 99.96% FOR and Shareholders also
approved the Arrangement Resolution with approximately 99.95% of
the votes cast at the Meeting in favour of the Arrangement,
excluding the votes of certain persons in accordance with MI
61-101.
Capstone will be seeking a final order of the Supreme Court of
British Columbia with respect to the Arrangement currently
scheduled for March 2nd and the Arrangement is expected to close in
March.
For more details on the Arrangement please view the Management
Information Circular dated January 27, 2022 available at
www.capstonemining.com and on SEDAR.
ABOUT CAPSTONE MINING CORP.
On November 30, 2021, Capstone and Mantos Copper announced that
they have entered into a definitive agreement to combine pursuant
to a plan of arrangement under the Business Corporations Act
(British Columbia) (the “Transaction”) Upon completion of the
Transaction, the new company will be named Capstone Copper
Corp.
Capstone Mining Corp. is a Canadian base metals mining company,
focused on copper. We are committed to the responsible development
of our assets and the environments in which we operate. Our two
producing mines are the Pinto Valley copper mine located in
Arizona, US and the Cozamin copper-silver mine in Zacatecas State,
Mexico. In addition, Capstone owns 100% of Santo Domingo, a large
scale, fully permitted, copper-iron-gold project in Region III,
Chile, as well as a portfolio of exploration properties. Capstone's
strategy is to focus on the optimization of operations and assets
in politically stable, mining-friendly regions, centred in the
Americas. Our headquarters are in Vancouver, Canada and we are
listed on the Toronto Stock Exchange (TSX) under the symbol CS.
Further information is available at www.capstonemining.com
ABOUT MANTOS COPPER (BERMUDA) LIMITED
Mantos Copper is a copper-producing company that engages in the
exploration, development, extraction and processing of sulphide and
oxide ores and the production and sale of London Market Exchange
Grade “A” copper cathodes and clean copper concentrates, with gold
and silver by-products from two mining assets, Mantoverde and
Mantos Blancos located in northern Chile. Mantos Copper is owned by
funds managed by Orion Resource Partners, and Audley Mining
Advisors Ltd. Orion is a global alternative investment management
firm that specializes in institutional metals and mining investment
strategies in the base and precious metals space. Audley Mining
Advisors is a special purpose vehicle owned by the founders of
Mantos Copper. Mantos Copper owns 99.99% of Mantos Blancos and
69.99% of Mantoverde, with Mitsubishi Materials Corporation owning
the remaining 30.00% of Mantoverde. Further information is
available at www.mantoscopper.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and
certain "forward-looking information" as defined under applicable
Canadian and U.S. securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes.
Forward-looking statements relate to future events or future
performance and reflect our expectations or beliefs regarding
future events and the impacts of the ongoing and evolving COVID-19
pandemic and the evolving geopolitical environment. Forward-looking
statements include, but are not limited to statements with respect
to the consummation and timing of the Arrangement; the satisfaction
of the conditions precedent to the Arrangement; the strengths,
characteristics and potential of the Arrangement; growth potential
and timing and success, receipt and anticipated effects of court,
regulatory and other consents and approvals. By their very nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, amongst
others, the required court, regulatory and other consents and
approvals to effect the Arrangement, the possibility that the
Arrangement could be terminated under certain circumstances.
Forward-looking information are based on managements reasonable
assumptions, estimates, expectations, analyses and opinions, which
are based on such management's experience and perception of trends,
current conditions and expected developments, and other factors
that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Such factors,
among other things, include: impacts arising from the global
disruption caused by the Covid-19 pandemic, evolving geopolitical
environment including government sanctions in response , business
integration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of copper or certain other commodities;
change in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks
and hazards associated with the business of mineral exploration,
development and mining (including but not limited to environmental
hazards and industrial accidents); discrepancies between actual and
estimated metallurgical recoveries; inability to obtain adequate
insurance to cover risks and hazards; the presence of laws and
regulations that may impose restrictions on mining; employee
relations; increase in mining taxes and royalties, relationships
with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); and title to
properties.
The Company undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management's best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward- looking statements or information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220228006069/en/
Jerrold Annett, SVP, Strategy and Capital Markets 647-273-7351
jannett@capstonemining.com
Kettina Cordero, Director Investor Relations &
Communications 604-262-9794 kcordero@capstonemining.com
Capstone Copper (TSX:CS)
過去 株価チャート
から 11 2024 まで 12 2024
Capstone Copper (TSX:CS)
過去 株価チャート
から 12 2023 まで 12 2024
