The Prospector News

Marimaca Announces Closing of C$20 million Strategic Investment by Mitsubishi Corp.

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Marimaca Announces Closing of C$20 million Strategic Investment by Mitsubishi Corp.

 

 

 

 

 

Marimaca Copper Corp. (TSX: MARI) is pleased to announce the closing of the previously announced C$20 million equity investment by Mitsubishi Corporation by way of non-brokered private placement. Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Company’s flagship Marimaca Copper Project located in the Antofagasta region, Chile.

 

Pursuant to the Strategic Investment, Mitsubishi acquired an aggregate of 4,640,371 units consisting of one common share and one Common Share purchase warrant at a price of C$4.31 per Unit. Each Warrant will entitle Mitsubishi to purchase one additional Common Share at an exercise price of C$5.60 for a period of 24 months following closing. As a result of the Strategic Investment, Mitsubishi now owns approximately 5.0% of Marimaca’s issued and outstanding common shares on a non-diluted basis.

 

Mitsubishi is a major investor in the Latin American copper industry with a portfolio of existing investments including Escondida, Los Pelambres, Antamina, Los Bronces and Quellaveco.

 

About Marimaca

Marimaca Copper is a Canadian exploration and development company focused on developing the Marimaca Project, an oxide, open-pit, heap leach copper project located in the Antofagasta Region of northern Chile.

 

Posted July 12, 2023

Share this news article

MORE or "UNCATEGORIZED"


Doubleview Extends High-Grade Domains at Hat: H099 Returns 438m of 0.40% CuEq Including 52m of 1.02% CuEq, Expanding Mineralization Envelope Around Conceptual Pit Vertically and Laterally

Doubleview Gold Corp. (TSX-V: DBG) (OTCQB: DBLVF) (FSE: 1D4) is pleased to announce assay results f... READ MORE

December 5, 2025

Cosa Closes Upsized C$7.5 Million Private Placement

Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) is pleased to announce that it ... READ MORE

December 5, 2025

Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) is pleased to report that it h... READ MORE

December 5, 2025

1911 Gold Closes C$23 Million "Best Efforts" Life Offering & Private Placement and Provides Corporate Updates

1911 Gold Corporation (TSX-V: AUMB) (FRA: 2KY) is pleased to announce that it has completed its prev... READ MORE

December 5, 2025

Endeavour Silver Completes US$350 Million Offering of Convertible Senior Notes

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announced today the closing of its previously announce... READ MORE

December 5, 2025

Copyright 2025 The Prospector News