Capstone Copper and Orion Secure C$375 Million Bought Deal

Capstone Copper Corp. (ASX:CSC) and Orion Fund JV Limited announce a C$375 million bought deal with underwriters led by RBC Capital Markets. The deal involves the purchase of 59,520,000 common shares of Capstone at C$6.30 per share, with an option for an additional 8,928,000 shares. The offering, expected to close on February 8, 2024, supports Capstone's growth initiatives in Chile, including the Mantoverde Optimized Project and Santo Domingo detailed engineering, along with expansionary exploration programs.

Capstone will receive C$300,006,000 in net proceeds, while Selling Shareholders will gain C$74,970,000. The Offering complies with regulatory approvals and is outlined in a prospectus supplement. Notably, a 90-day restriction prevents Orion and Capstone from selling or issuing additional shares post-closing. The securities are not registered under the U.S. Securities Act.

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