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Capstone Mining Corp. Announces Filing of Preliminary Base Shelf Prospectus for Future Financial Flexibility and Updated Technical Report for Pinto Valley
VANCOUVER, British Columbia / Jun 11, 2021 / Business Wire / Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has fil
About this update from Capstone Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia / Jun 11, 2021 / Business Wire / Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has filed a preliminary base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada. The Shelf Prospectus, upon a receipt for the final base shelf prospectus, would allow Capstone to make offerings up to C$500,000,000 of common shares, warrants, subscription receipts, units, debt securities, share purchase contracts, or any combination thereof, from time to time over a 25-month period. The specific terms of any future offering of securities (if any) will be set forth in a shelf prospectus supplement. Capstone has filed this base shelf prospectus for future financial flexibility and has no immediate intentions to undertake an offering. As reported in its quarterly financial statements ending March 31, 2021, Capstone had a cash position of $44.81 million and was debt-free2. Subsequent to March 31, 2021, Capstone received $30 million as an upfront deposit on the Wheaton Precious Metals Gold Stream Agreement. This news release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities nor shall there be any sale of securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. A copy of the preliminary Shelf Prospectus, and copies of the final base shelf prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR profile at www.sedar.com, or may be obtained by request to Wendy King, Senior Vice President, Risk, ESG, General Counsel and Corporate Secretary, Suite 2100 – 510 West Georgia Street, Vancouver, BC, V6B 0M3, [email protected]. Filing of Pinto Valley Technical Report In addition, the Company has filed on SEDAR a technical report titled “NI 43-101 Technical Report on the Pinto Valley (“PV”) Mine, Arizona, USA\" (the “Technical Report”) updating the PV3 life of mine plan. The Technical Report was prepared in accordance with the Canadian Securities Administrator’s National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and is available for review under the Company’s...