Capstone Mining Sells Minto Mine For Up To US$20 Million
VANCOUVER, June 3, 2019 /PRNewswire/ – Capstone Mining Corp. (“Capstone”) (TSX:CS) announced it has entered into a definitive share purchase agreement (the “Agreement”) to sell its 100% interest in the Minto mine (“Minto” or the “Mine”) to Pembridge Resources PLC (“Pembridge”) (LON:PERE) (the “Transaction”). Under the terms of the Agreement, Capstone will receive up to US$20 million in cash (the “Purchase Price”), in staged payments. The Transaction closed simultaneously with the signing of the Agreement and is effective immediately.