TORONTO, Aug. 1, 2024
/CNW/ - MPA Morrison Park Advisors Inc. ("MPA") is pleased
to announce, together with South Andes Capital ("South
Andes") our IMAP partner firm in Chile, their role as financial advisors to
Inversiones Alxar S.A. ("Alxar"), a wholly owned subsidiary
of Empresas Copec S.A. (SNSE: COPEC), in the sale of 100% of
Compañía Minera Sierra Norte S.A.
("CMSN") to Capstone Copper Corp. ("Capstone") (TSX:
CS) (ASX: CSC). CMSN owns 100% of Sierra
Norte, an IOCG (Iron Oxide Copper Gold) deposit located in
Chile's Atacama Region, that spans
over 7,000 hectares and holds a historic resource (non NI 43-101
compliant) of approximately 100Mt at
0.45% CuT with significant exploration potential.
Sierra Norte, is situated
approximately 20 kilometers northwest of Capstone's Santo Domingo
Project and presents an opportunity to potentially serve as a
future sulphide feed source for Santo
Domingo, thereby extending its higher-grade copper sulphide
life.
About Morrison Park Advisors
Morrison Park Advisors, founded in 2006, is dedicated to
prioritizing client interests through strategic advisory services.
We leverage national and international connections via IMAP. Our
expertise includes mergers and acquisitions, capital raises,
divestitures, and restructurings, as well as valuations, fairness
opinions, contract negotiations, board advice, credit ratings,
expert testimony, policy development, and market analysis. For
details, visit morrisonpark.com.
About South Andes Capital
South Andes Capital has a solid background on corporate finance
advice in Chile, both for local
and international companies. Organized in 1993, the firm
specializes in supporting acquisitions, divestitures and mergers of
companies (M&A), as well as in the design and implementation of
tender processes and/or sales of singular assets, among other
subjects. For details, visit southandes.com.
About IMAP (International M&A
Partnership)
MPA and South Andes are members of IMAP, the world's largest
alliance of independent M&A advisory firms. With offices in
more than 50 countries, IMAP offers local expertise with
unparalleled global connections.
SOURCE MPA Morrison Park Advisors Inc.