trending Market Intelligence /marketintelligence/en/news-insights/trending/995Uh6RykN8HHmfxRrGgxQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Camrova Resources to acquire Chilean firm in C$2M deal

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Camrova Resources to acquire Chilean firm in C$2M deal

Camrova Resources Inc. said March 18 that it intends to acquire Chilean firm Asesoria y Inversiones MAYG SpA for C$2 million in shares.

Asesoria owns a slag trading contract with Anglo American PLC's Anglo American Sur SA unit that grants Asesoria the right to recover material from Anglo's Chagras smelter and process it to produce copper concentrates.

In connection with the deal, Camrova said it will seek shareholder approval for a 4-to-1 share consolidation. The company intends to issue 7,692,308 as consideration for acquiring Asesoria. Camrova currently has 21,795,093 shares.

Camrova also aims to raise up to C$9 million through an equity private placement priced at 26 cents per share.

Upon the deal's close, Camrova shareholders would hold 11.17% of the company's shares, while Asesoria shareholders would own 15.76%.

Subscribers of the private placement would hold 70.94%, while subscribers of a previously announced C$250,000 bridge financing would own 2.13%.

The proposed acquisition, however, is subject to further due diligence, as Camrova said it could acquire the contract via direct assignment instead of buying Asesoria.