Business
Capstone Mining Mails Information Circular with Respect to Acquisition of Far West and Strategic Partnership and Joint Venture with Korea Resources Corporation
May 20, 2011 (Canada NewsWire Group) -- VANCOUVER, May 20, 2011 /CNW/ - Capstone Mining Corp....
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\n May 20, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, May 20, 2011 /CNW/ - Capstone Mining Corp. ("Capstone" or the\n "Company") (TSX: CS) announces the mailing of its Information\n Circular's with respect to the previously announced arrangement\n agreement (the "Arrangement Agreement") pursuant to which Capstone will\n acquire all of the issued and outstanding common shares of Far West\n Mining Ltd. ("Far West") (TSX:FWM) and Far West would be held through a\n newly-formed subsidiary of Capstone, to be owned 70% by Capstone and\n 30% by Korea Resources Corporation ("KORES").\n\n\nFar West shareholders will be entitled to elect to receive, in exchange\n for each Far West share held, (i) 1.825 shares of Capstone and C$1.00\n in cash, or (ii) 2.047 shares of Capstone and C$0.001 in cash, or (iii)\n C$9.19 cash, subject to proration on the basis of an aggregate maximum\n cash amount of approximately up to C$79 million and provided that no\n Far West shareholder that elects option (iii) above will receive less\n than C$1.00 in cash per Far West share.\n\n\nShareholders of Capstone and securityholders of Far West will each vote\n on the Arrangement Agreement at special meetings to be held\n concurrently on June 13, 2011 and if it is approved at both meetings,\n the proposed transaction is expected to become effective on or about\n June 16, 2011.  The directors, senior officers, Quadra FNX and certain\n other ...