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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Comment by Oregonduckon Dec 29, 2016 3:04pm
104 Views
Post# 25651079

RE:RE:Greenstone

RE:RE:Greenstone
The point I made is that once Greenstone manages to pick up another 10% of COP, that equity firm will be in the position of buying up 100% of Coro by way of a compulsory takeover bid under the current takeover laws. It would be fait accompli since it is axiomatic that they won't need shareholders' approval since they have already gotten the required super-majority 66 2/3% vote and any such takeover deal will be approved. About M & A Activities: According to Bloomberg [2014]: "The worlds mining assets may be the target of mergers and acquisitions as an $8 billion pool of private-equity money that has lain dormant is stirred this year by attractive valuations and predictions of resilient demand for raw materials. Some of the biggest names in the industry are keen to buy assets ...Other new mining funds include Toronto-based Waterton Global Resources Management and London-based Greenstone Resources, which was founded last year by former Xstrata executive Mark Sawyer and former JPMorgan banker Michael Haworth [a current Coro Mining Director]... Warburg Pincus, which has an $11 billion global private equity fund, is looking at assets owned by small mining firms in addition to the unwanted projects of the major companies... There are a lot of smaller companies who are unable to implement their development plans because of their lack of access to finance,
Bullboard Posts