Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder – Dominion Lending Centres ClearleaseCapstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder – Dominion Lending Centres ClearleaseCapstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder – Dominion Lending Centres Clearlease

Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder – Dominion Lending Centres Clearlease – Dominion Lending Centres Clearlease

VANCOUVER – (April 18, 2011) Clearlease.com Reports Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder and a 30 per cent partner in the Santo Domingo copper and iron project once Capstone acquires Far West Mining Ltd.

The friendly takeover deal between Capstone and Far West (TSX:FWM), worth more than $1.1 billion including the South Korean company’s contributions, was announced by the Vancouver-based mining companies on the weekend.

Capstone is offering C$725 million in a cash and shares to acquire all of Far West shares. The offer values Far West at C$9.19 per share — about 20 per cent above Far West’s value prior to the announcement on Sunday.

Far West shares gained 62 cents to $8.30 in early trading Monday while Capstone was down 31 cents to $3.90 at the Toronto Stock Exchange.

Assuming the takeover deal is completed, Korea Resources would buy 11 per cent of Capstone’s shares for C$170 million and get one seat on its board of directors.

KORES will also pay $210 million cash to Capstone to acquire 30 per cent of the Santo Domingo project and provide 30 per cent of the funds required to get it into production.

In return, the Korean company will get to buy 50 per cent of the copper and iron concentrate produced by Santo Domingo at market rates over the life of the mine.

“This is a transformational development for Capstone,” the company’s president and chief executive, Darren Pylot, said in a Monday conference call.

By acquiring the Santo Domingo project, Capstone will be on track to become a low-cost, mid-tier producer.

Pylot said Capstone and KORES share similar objectives “including the need to provide further growth in copper production.”

“These agreements are subject tot he completion of the Far West transaction.”

The companies said Far West’s directors, senior management and certain shareholders, including Quadra FNX Mining Ltd. of Vancouver (TSX:QUX), are supporting the Capstone offer.

For the Far West takeover to be completed, the deal will require approval by at least two-thirds of votes cast at its shareholders meeting and a simple majority of more than 50 per cent votes cast by Capstone shareholders.

The companies plan to have their shareholder votes in June.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder - Dominion Lending Centres Clearlease

VANCOUVER – (April 18, 2011) Clearlease.com Reports Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder and a 30 per cent partner in the Santo Domingo copper and iron project once Capstone acquires Far West Mining Ltd.

The friendly takeover deal between Capstone and Far West (TSX:FWM), worth more than $1.1 billion including the South Korean company’s contributions, was announced by the Vancouver-based mining companies on the weekend.

Capstone is offering C$725 million in a cash and shares to acquire all of Far West shares. The offer values Far West at C$9.19 per share — about 20 per cent above Far West’s value prior to the announcement on Sunday.

Far West shares gained 62 cents to $8.30 in early trading Monday while Capstone was down 31 cents to $3.90 at the Toronto Stock Exchange.

Assuming the takeover deal is completed, Korea Resources would buy 11 per cent of Capstone’s shares for C$170 million and get one seat on its board of directors.

KORES will also pay $210 million cash to Capstone to acquire 30 per cent of the Santo Domingo project and provide 30 per cent of the funds required to get it into production.

In return, the Korean company will get to buy 50 per cent of the copper and iron concentrate produced by Santo Domingo at market rates over the life of the mine.

“This is a transformational development for Capstone,” the company’s president and chief executive, Darren Pylot, said in a Monday conference call.

By acquiring the Santo Domingo project, Capstone will be on track to become a low-cost, mid-tier producer.

Pylot said Capstone and KORES share similar objectives “including the need to provide further growth in copper production.”

“These agreements are subject tot he completion of the Far West transaction.”

The companies said Far West’s directors, senior management and certain shareholders, including Quadra FNX Mining Ltd. of Vancouver (TSX:QUX), are supporting the Capstone offer.

For the Far West takeover to be completed, the deal will require approval by at least two-thirds of votes cast at its shareholders meeting and a simple majority of more than 50 per cent votes cast by Capstone shareholders.

The companies plan to have their shareholder votes in June.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder – Dominion Lending Centres Clearlease – Dominion Lending Centres Clearlease

VANCOUVER – (April 18, 2011) Clearlease.com Reports Capstone Mining Corp. (TSX:CS) says Korea Resources Corp. would become its largest shareholder and a 30 per cent partner in the Santo Domingo copper and iron project once Capstone acquires Far West Mining Ltd.

The friendly takeover deal between Capstone and Far West (TSX:FWM), worth more than $1.1 billion including the South Korean company’s contributions, was announced by the Vancouver-based mining companies on the weekend.

Capstone is offering C$725 million in a cash and shares to acquire all of Far West shares. The offer values Far West at C$9.19 per share — about 20 per cent above Far West’s value prior to the announcement on Sunday.

Far West shares gained 62 cents to $8.30 in early trading Monday while Capstone was down 31 cents to $3.90 at the Toronto Stock Exchange.

Assuming the takeover deal is completed, Korea Resources would buy 11 per cent of Capstone’s shares for C$170 million and get one seat on its board of directors.

KORES will also pay $210 million cash to Capstone to acquire 30 per cent of the Santo Domingo project and provide 30 per cent of the funds required to get it into production.

In return, the Korean company will get to buy 50 per cent of the copper and iron concentrate produced by Santo Domingo at market rates over the life of the mine.

“This is a transformational development for Capstone,” the company’s president and chief executive, Darren Pylot, said in a Monday conference call.

By acquiring the Santo Domingo project, Capstone will be on track to become a low-cost, mid-tier producer.

Pylot said Capstone and KORES share similar objectives “including the need to provide further growth in copper production.”

“These agreements are subject tot he completion of the Far West transaction.”

The companies said Far West’s directors, senior management and certain shareholders, including Quadra FNX Mining Ltd. of Vancouver (TSX:QUX), are supporting the Capstone offer.

For the Far West takeover to be completed, the deal will require approval by at least two-thirds of votes cast at its shareholders meeting and a simple majority of more than 50 per cent votes cast by Capstone shareholders.

The companies plan to have their shareholder votes in June.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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