May 25, 2016 12:04 AM ET

Metals and Mining

Company Overview of Stingray Copper Inc.

Company Overview

Stingray Copper Inc., through its subsidiaries, provides exploration and development services for mineral properties in Mexico. The company primarily produces copper, silver, and gold. It primarily focuses exploration activities at the El Pilar property in Sonora, Mexico and Sierra Madre mountain region of northwest Mexico. The company was formerly known as Stingray Resources Inc. and changed its name to Stingray Copper Inc. in June 2007. Stingray Copper Inc. was founded in 1973 and is headquartered in Toronto, Canada. As of December 21, 2009, Stingray Copper Inc operates as a subsidiary of Mercator Minerals Limited.

40 University Avenue

Suite 605

Toronto, ON M5J 1T1

Canada

Founded in 1973

Phone:

416-368-6240

Fax:

416-368-7141

Key Executives for Stingray Copper Inc.

Vice President of Operations
Compensation as of Fiscal Year 2015.

Stingray Copper Inc. Key Developments

Stingray Copper Seeks to Divest El Pilar Copper Development Project

Stingray Copper Inc., a wholly owned subsidiary of Mercator Minerals Ltd. (TSX:ML) announced that it has initiated a sale process to divest of its El Pilar copper development project. Stingray and its wholly owned subsidiaries have negotiated a mutually acceptable forbearance arrangement with their creditor, RMB Australia Holdings Limited to allow Stingray to complete sale process. It is the current intention of Stingray not to disclose developments with respect to the sale process until a specific transaction has been approved or otherwise determines that disclosure is necessary or appropriate. Stingray cautions that there are no assurances or guarantees that the sale process will result in a transaction or, if a transaction is undertaken the terms or timing of such a transaction. RBC Capital Markets has been engaged as financial advisor to conduct the sale process and Deloitte Corporate Finance Inc. has been engaged as strategic advisor to Stingray.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2015
El Pilar Copper Project
 

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