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ORION MINE FINANCE PROVIDES UPDATE ON ITS BENEFICIAL OWNERSHIP OF COMMON SHARES OF CAPSTONE COPPER CORP.
Orion Mine Finance Management LP announced today that Orion Fund JV Limited, Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP (collectively, "Orion"), sold on October 15, 2025, a total of 47,500,000 common shares (each a "Common Share") of Capstone Copper Corp. ("Capstone") at a price of C$ 12.15 per Common Share for aggregate gross proceeds of C$577,125,000 in a private transaction (the "Transaction"). Pursuant to the Transaction, Orion Fund JV Limited sold 40,903,320 C
About this update from Capstone Copper Corp.
[{"type":"text","content":"TORONTO, Oct. 16, 2025 /CNW/ - Orion Mine Finance Management LP announced today that Orion Fund JV Limited, Orion Mine Finance Fund II LP and Orion Mine Finance (Master) Fund I-A LP (collectively, "Orion"), sold on October 15, 2025, a total of 47,500,000 common shares (each a "Common Share") of Capstone Copper Corp. ("Capstone") at a price of C$ 12.15 per Common Share for aggregate gross proceeds of C$577,125,000 in a private transaction (the "Transaction"). Pursuant to the Transaction, Orion Fund JV Limited sold 40,903,320 Common Shares, Orion Mine Finance Fund II LP sold 4,837,565 Common Shares and Orion Mine Finance (Master) Fund I-A LP sold 1,759,115 Common Shares.","length":717,"tagName":"p"},{"type":"text","content":"Immediately prior to the Transaction, Orion beneficially owned 90,536,179 Common Shares, representing approximately 11.8% of Capstone's issued and outstanding Common Shares (based on a total of 762,247,028 Common Shares being issued and outstanding on the date hereof). Immediately following the Transaction, Orion beneficially owned 43,036,179 Common Shares, representing approximately 5.6% of Capstone's issued and outstanding Common Shares (based on a total of 762,247,028 Common Shares being issued and outstanding on the date hereof), which is a decrease of approximately 6.2% in Orion's securityholding percentage in respect of the Common Shares.","length":664,"tagName":"p"},{"type":"text","content":"Orion's decision to dispose of the Common Shares pursuant to the Transaction was made as a result of investment considerations including price, market conditions, availability of funds, evaluation of alternative investments and other factors. Orion may, from time to time, acquire additional securities of Capstone and/or dispose of securities of Capstone as it may deem appropriate. On October 13, 2025, Capstone and certain affiliates of Orion entered into an equity subscription agreement (the "Subscription Agreement"), pursuant to which such affiliates of Orion agreed to subscribe for US$10 million of Common Shares. For additional information regarding the Subscription Agreement, please see the news release of Capstone dated October 13, 2025 available under the SEDAR+ profile of Capstone at www.sedarplus.com. Other than pursuant to the Subscription Agr...