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Article: Stingray Issues Shares to Xstrata to Complete Acquisition of El Pilar Copper Property, Mexico.
- Article from:
- Marketwire Canada
- Article date:
- September 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Sep 9, 2009 (Marketwire via COMTEX) -- Stingray Copper Inc. (TSX:SRY) ("Stingray" or the "Corporation") is issuing to Xstrata Canada Corporation ("Xstrata") 1,829,837 common shares of the Corporation to complete the terms of the Agreement between the companies for the acquisition of Noranda Exploration Mexico S.A. de C.V., more particularly, the 100% ownership of the El Pilar copper property. Upon the delivery of the positive El Pilar Feasibility Study completed by M3 Engineering and Technology Corporation ("M3"), as described in the Corporation's News Release 2009-02, Stingray is obliged to issue these shares to Xstrata, so that post this share ...