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Cornerstone Capital Resources Intends To Replace Entire Solgold Board
Cornerstone Board Formally Rejects Hostile Bid By SolGold For The Second Time
Sunstone Metals Increases Stake In Bramaderos Gold-Copper Joint Venture
Cornerstone Capital Resources Inc. (Cornerstone) is engaged in the evaluation, acquisition and exploration of mineral properties in Ecuador and Chile. The Company focuses on developing the properties, bring them into production, option or lease properties to third parties, or sell the properties outright. It operates in the acquisition and exploration, and evaluation activities segment. The Miocene project is located in the regions of Atacama and Antofagasta of northern Chile. The Miocene project is focusing on epithermal gold-silver and porphyry gold-copper deposits. The Bella Maria property is located approximately 50 kilometers southeast of the city of Machala in southwestern Ecuador and covers over 10.4 square kilometers. The Monterrey Property covers an area of approximately 20 square kilometers located in southern Ecuador. The Cascabel property covers an area of over 50 square kilometers. The Vetas Grandes property covers an area of approximately 300 square kilometers.
Gold & Silver
26 Kyle Avenue
MOUNT PEARL, NL
Colin Burgess McKenzie
Chairman of the Board
H. Brooke Macdonald
President, Chief Executive Officer, Director
Sabino Di Paola
Chief Financial Officer
Vice President - Exploration
W. John Clarke
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Canada's Cornerstone Capital Resources Inc <CGP.V> said on Wednesday it would urge SolGold Plc <SOLG.L> shareholders to replace the company's entire board, a day after rejecting the UK-listed miner's takeover offer for a second time.
Cornerstone Capital Resources Inc said on Wednesday it intends to call a meeting of SolGold Plc's shareholders to replace the company's entire board, after it rejected the London-listed miner's takeover approaches twice.
The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner.
BHP-backed SolGold Plc <SOLG.L>, the copper-gold company focused on Ecuador, is making a second attempt to take over Canada's Cornerstone Capital Resources <CGP.V>, whose largest shareholder said the approach is likely to be rebuffed.
BHP-backed SolGold Plc, the copper-gold company focused on Ecuador, is making a second attempt to take over Canada's Cornerstone Capital Resources , more than a year after its previous approach was rebuffed.
* CORNERSTONE CAPITAL RESOURCES-BOARD APPROVED INCREASED NON-BROKERED PRIVATE PLACEMENT OF UP TO 41.0 MILLION COMMON SHARES AT AN ISSUE PRICE OF $0.20/SHARE
* CORNERSTONE CAPITAL RESOURCES - BOARD HAS APPROVED NON-BROKERED PRIVATE PLACEMENT OF UP TO 23.5 MILLION COMMON SHARES AT$0.22 PER COMMON SHARE
* CORNERSTONE SECURITYHOLDERS APPROVE SPINOFF OF CORNERSTONE EXPLORATION INC. Source text for Eikon: Further company coverage:
* Says unaware of any material change in co's operations that would account for recent decline in co's stock price Source text for Eikon: Further company coverage:
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