Marimaca, the Chilean-focused copper developer, has announced a C$20 million equity investment by Mitsubishi Corporation. Proceeds from the Strategic Investment will be used to advance and accelerate the development of the Marimaca Copper Project This is unequivocal good news particularly given the fact they paid an 11% premium to the VWAP (7.8% to last night's close). They will hold a c.5% stake including issued and outstanding shares – Mitsubishi will receive one common share and one warrant e ....
