Business
Capstone Mining Receives Approval from the Supreme Court of British Columbia for Business Combination with Mantos Copper
VANCOUVER, British Columbia / Mar 03, 2022 / Business Wire / Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that the Suprem
About this update from Capstone Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia / Mar 03, 2022 / Business Wire / Capstone Mining Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that the Supreme Court of British Columbia has approved Capstone and Mantos Copper Bermuda Limited (“Mantos”) to proceed with their previously announced business combination by way of a plan of arrangement (the “Transaction”). The Transaction is subject to customary closing conditions and regulatory approvals and is expected to close in March or April 2022. For more details on the Transaction, please refer to the news release dated November 30, 2021 entitled “Capstone and Mantos Copper Combine to Create Capstone Copper, A Premier Copper Producer With Transformational Near-Term Growth” 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 Ch...