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Marimaca Copper Announces Closing of A$80,000,000 Placement
Globenewswire· 2025-09-11 20:15
Core Viewpoint - Marimaca Copper Corp. has successfully closed a brokered placement, raising approximately A$80 million for various project developments and corporate purposes [1][2]. Group 1: Placement Details - The company issued 8,247,423 Chess Depositary Interests (CDIs) at a price of A$9.70, resulting in gross proceeds of approximately A$80,000,000 or C$72,080,000 [1]. - The placement is subject to final approval from the Toronto Stock Exchange (TSX) and allotment of the CDIs will occur on September 12, 2025 [3]. Group 2: Use of Proceeds - Net proceeds from the placement will be allocated for exploration at the Pampa Medina Project, detailed design and engineering at the Marimaca Oxide Deposit (MOD), and general corporate purposes [2]. Group 3: Participation and Management - Euroz Hartleys Limited, Beacon Securities Limited, and Macquarie Capital (Australia) Limited acted as joint lead managers for the placement, with Canaccord Genuity (Australia) Limited as a co-manager [3]. - Existing insiders, Assore International Holdings Limited and Ithaki Ltd., participated in the placement, acquiring 1,376,289 CDIs and 1,226,805 CDIs, respectively [5]. Group 4: Company Overview - Marimaca is focused on copper exploration and development, particularly its 100%-owned Marimaca Copper Project located in the Antofagasta Region of Chile [7]. - The Marimaca Copper Project includes the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [8].
Marimaca Copper – Update to A$80,000,000 Placement
Globenewswire· 2025-09-05 00:00
Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement to raise approximately A$80 million (C$72.08 million) through the issuance of 8,247,423 Chess Depositary Interests (CDIs) at A$9.70 per CDI to fund project development and exploration activities [1][2][6]. Group 1: Placement Details - The net proceeds from the placement will be allocated to detailed design and engineering work at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2]. - The placement is subject to ASX Listing Rule 7.1 waiver and includes an indicative timetable for trading halt, settlement, and allotment of CDIs [2][3]. - Joint lead managers for the placement are Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited [4]. Group 2: Company Overview - Marimaca Copper Corp. is focused on its 100%-owned Marimaca Copper Project and surrounding exploration properties located in the Antofagasta Region, Chile [8]. - The Marimaca Copper Project features the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [9]. - The company is also exploring its extensive land package, including the Sierra de Medina property block, which spans over 15,000 hectares and is located 25 km from the MOD [9].
Marimaca Copper Announces A$80,000,000 Placement
Globenewswire· 2025-09-04 20:37
Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement of 8,376,964 Chess Depositary Interests (CDIs) at A$9.55 per CDI, aiming for gross proceeds of approximately A$80 million [1][2]. Group 1: Placement Details - The net proceeds from the placement will be allocated for detailed design and engineering at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2]. - The placement is subject to a waiver under ASX Listing Rule 7.1 and is being managed by Macquarie Capital, Euroz Hartleys, and Beacon Securities [3]. Group 2: Indicative Timetable - The indicative timetable includes a trading halt on ASX on September 5, 2025, with trading resuming on September 8, 2025, and placement settlement on September 11, 2025 [2]. Group 3: Company Overview - Marimaca Copper Corp. is focused on its 100%-owned Marimaca Copper Project located in the Antofagasta Region, Chile, which includes the Marimaca Oxide Deposit [6][7]. - The company is progressing through a Definitive Feasibility Study led by Ausenco Chile Ltda and exploring its extensive land package in the region [7].