08:48 PM EST - Capstone Copper Corp. : Announced that fund entities managed by Orion Resource Partners LP have agreed to acquire a 25% ownership interest in the Santo Domingo Project and the Sierra Norte Project for total cash consideration of up to $360 million. The total cash consideration payable by Orion is comprised of $225 million for a 25% ownership interest, payable upon a positive final investment decision on Santo Domingo, $75 million matching contribution payable within six months of FID, and up to $60 million in contingent cash consideration payable to Capstone upon the achievement of certain value enhancing milestones. Capstone Copper Corp.
shares T.CS are trading down 57 cents at $12.71.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=CS%3ACA&qmodStoryID=4961897467684281
