Final Prospectus for $50m bought deal financing Filed & Receipt Issued
VANCOUVER, April 30 /CNW/ - Capstone Mining Corporation (CS: TSX) will
report its first quarter 2009 financial results on Thursday, May 14, 2009.
Capstone will host a conference call and webcast to discuss these results as
Conference call and webcast details are as follows:
Date: Friday May 15, 2009
Time: 8:00 AM PST (11:00 AM EST)
Dial in: North America - 1.800.731.6941, International - 1.416.644.3433
Replay: North America - 1.877.289.8525, International - 1.416.640.1917
Replay Passcode: 21305229 followed by the number sign.
The conference call replay will be available until May 29, 2009. A
transcript of the call will also be made available on Capstone's website
(www.capstonemining.com) within 24 hours of the call.
Final Prospectus Filed
Capstone also reported that it has filed and received a receipt for its
final short form prospectus in respect of its agreement with a syndicate of
underwriters led by Canaccord Capital Corporation and including BMO Capital
Markets, Scotia Capital Inc., Haywood Securities Inc. and PI Financial Corp.
(collectively, the "Underwriters") who are to purchase an aggregate of
27,100,000 common shares of the Company at a price of $1.85 for gross proceeds
of $50,135,000 on a bought deal basis, as announced April 16, 2009.
As previously announced, the Company has granted the Underwriters an
option (the "Over-Allotment Option") to purchase up to an additional 4,065,000
Common Shares at a price of C$1.85 per Common Share to cover over-allotments.
The Over-Allotment Option shall be exercisable by the Underwriters, in whole
or in part, for a period of 30 days following the closing of the Offering.
The net proceeds of the Offering will be used for future acquisition
opportunities, debt reduction or restructuring and ongoing operating and
general working capital purposes.
The Offering is scheduled to close on or about May 6, 2009 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the final acceptance of the TSX.
The TSX does not accept any responsibility for the adequacy or accuracy
of this press release.
This document may contain "forward-looking statements" within the meaning
of Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and Capstone Mining Corp. (hereinafter referred to
as the "Company") do not intend, and do not assume any obligation, to update
these forward-looking statements.
Forward-looking statements relate to future events or future performance
and reflect management of the Company's expectations or beliefs regarding
future events and include, but are not limited to, statements with respect to
the estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs
of production, capital expenditures, success of mining operations,
environmental risks, unanticipated reclamation expenses, title disputes or
claims and limitations on insurance coverage. In certain cases,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved" or the negative of these terms or
comparable terminology. By their very nature forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors include,
among others, risks related to actual results of current exploration
activities; changes in project parameters as plans continue to be refined;
future prices of resources; possible variations in ore reserves, grade or
recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in the Company's interim and annual financial
statements and management's discussion and analysis of those statements, all
of which are filed and available for review on SEDAR at www.sedar.com.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking
For further information:
For further information: Darren Pylot, Vice Chairman & CEO, Stephen
Quin, President & COO, Or Investor Relations' Mark Patchett at (604) 684-8894
or (866) 684-8894, firstname.lastname@example.org