Capstone Mining Corp. (“Old Capstone”) (TSX:CS) today announced
the successful completion of the previously announced transaction
combining Old Capstone and Mantos Copper (Bermuda) Limited
(“Mantos”), (the “Transaction”) following the receipt of all
regulatory approvals and the satisfaction of all closing
conditions. Concurrent with the closing of the Transaction, Mantos
has been renamed Capstone Copper Corp. (“Capstone Copper”), is
headquartered in Vancouver, B.C. and represents an Americas-focused
premier copper producer with transformational and peer-leading
production growth.
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Pursuant to a plan of arrangement (the “Arrangement”) under the
Business Corporations Act (British Columbia), each issued and
outstanding common share of Old Capstone has been exchanged for one
newly issued common share of Capstone Copper, which together
represent 60.2% of the issued and outstanding common shares of
Capstone Copper. As a result of the Arrangement, Old Capstone has
become a wholly owned subsidiary of Capstone Copper. As at closing,
the former shareholders of Mantos will maintain their shareholding
in Capstone Copper, representing the remaining 39.8% of the
outstanding common shares.
The common shares of Capstone Copper are listed on the Toronto
Stock Exchange under the ticker symbol “CS”. The listing of
Capstone Copper substitutes the prior listing of Old Capstone. Old
Capstone will apply to cease being a reporting issuer.
Capstone Copper’s newly constituted board of directors consists
of George Brack (Lead Independent Director), Darren Pylot
(Executive Chair), John MacKenzie (CEO & Director), Alison
Baker, Bob Gallagher, Anne Giardini, Peter Meredith, and Istvan
Zollei.
As previously announced, the combined company will be led by
Darren Pylot, as Executive Chair of the Board and John MacKenzie,
as Chief Executive Officer.
“I am incredibly excited by the opportunity to lead Capstone
Copper and help deliver on a truly transformational growth story.
This company has the makings of becoming a Canadian-based copper
champion driven by our long-life assets, our experienced management
team, and our strong balance sheet”, said John MacKenzie. Mr.
MacKenzie added, “Our shared principles in expansion, innovation,
optimization and safe copper production will remain central to our
strategy and set the stage for a successful integration
process.”
Full details of the Arrangement and certain other matters are
set out in the management information circular dated January 27th,
2022 posted on Old Capstone’s SEDAR profile and has been posted to
Capstone Copper’s website.
ABOUT CAPSTONE COPPER CORP.
Capstone Copper Corp. is an Americas-focused copper mining
company headquartered in Vancouver, Canada. We own and operate the
Pinto Valley copper mine located in Arizona, USA, the Cozamin
copper-silver mine located in Zacatecas, Mexico, the Mantos Blancos
copper-silver mine located in the Antofagasta region, Chile, and
70% of the Mantoverde copper-gold mine, located in the Atacama
region, Chile. In addition, we own the fully permitted Santo
Domingo copper-gold project, located approximately 30 kilometres
northeast of Mantoverde in the Atacama region, Chile, as well as a
portfolio of exploration properties in the Americas.
Capstone Copper’s strategy is to unlock transformational copper
production growth while executing on cost and operational
improvements through innovation, optimization and safe and
responsible production throughout our portfolio of assets. We focus
on profitability and disciplined capital allocation to surface
stakeholder value. We are committed to creating a positive impact
in the lives of our people and local communities, while delivering
compelling returns to investors by sustainably producing copper to
meet the world’s growing needs.
Further information is available at www.capstonecopper.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", "expected",
"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 strengths, characteristics and potential of the Arrangement
and growth potential and timing and success. 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.
Forward-looking information are based on management’s 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 or any future pandemic,
evolving geopolitical environment including government sanctions in
response to the conflict in Ukraine or to acts of war, 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 or place
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;
interruption of production due to community unrest, 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.
Capstone Copper 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/20220323005371/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
