Morrison Park Advisors Advises Alxar on the Sale of Sierra Norte to Capstone Copper

TORONTO, Aug. 1, 2024 /CNW/ - MPA Morrison Park Advisors Inc. ("MPA") is pleased to announce, together with South Andes Capital ("South Andes") our IMAP partner firm in Chile, their role as financial advisors to Inversiones Alxar S.A. ("Alxar"), a wholly owned subsidiary of Empresas Copec S.A. (SNSE:COPEC), in the sale of 100% of Compañía Minera Sierra Norte S.A. ("CMSN") to Capstone Copper Corp. ("Capstone") (TSX:CS.TO) (ASX:CSC). CMSN owns 100% of Sierra Norte, an IOCG (Iron Oxide Copper Gold) deposit located in Chile's Atacama Region, that spans over 7,000 hectares and holds a historic resource (non NI 43-101 compliant) of approximately 100Mt at 0.45% CuT with significant exploration potential.