Junior producers plan Mexi-Can merger
Copper mining peers seek to join forces to diversify operational, geographical risks; Sherwood may become subsidiary of Capstone
Last updated 9/28/2008 at Noon
Sherwood Copper Corp. and Capstone Mining Corp. Sept. 8 said they signed a letter of agreement to combine their operations to create a copper mining company with two producing mines in mining-friendly jurisdictions in North America.
The two companies agreed to combine on an "at-market" basis with Sherwood shareholders receiving 1.566 shares of Capstone for each share of Sherwood stock. The boa...