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Capstone Copper to sell 59.5 million shares to RBC Capital for $280m

Reuters | February 1, 2024 | 2:20 pm Markets Canada Copper

Credit: Capstone Copper

Capstone Copper said on Thursday the copper miner and affiliates of Orion Mine Finance have entered into a deal with RBC Capital Markets, in which the underwriter will buy 59.52 million shares at C$6.30 per share for nearly C$375 million ($280.14 million).

The offering is expected to close on around Feb. 8.

($1 = 1.3386 Canadian dollars)

(By Seher Dareen; Editing by Arun Koyyur)