Capstone Realizes C$31 Million on its Investment in Nevada Copper
VANCOUVER, November 17, 2010 /PRNewswire-FirstCall/ -- Capstone Mining Corp. (CS: TSX) today announced that it had realized on its entire investment in Nevada Copper Corp. (NCU: TSX). Capstone recently sold 7,670,031 shares of NCU at an average price of C$4.04 per share for total proceeds of approximately C$31 million. The average cost of the 7,670,031 shares was C$2.54 per share (resulting in an estimated C$11.5 million capital gain).
Forward-Looking Statements
This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Capstone Mining Corp. does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.
For further information about Capstone, please contact:
Darren Pylot, Vice Chairman & CEO, Stephen Quin, President Or Investor Relations' Jason Howe at +1-604-684-8894 or +1-866-684-8894 Or e-mail Capstone at [email protected]
SOURCE Capstone Mining Corp.
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