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...

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