The Rio Times
Americas · 1 hrs ago
Peru’s Alpayana Buys Into Canada in $98M Mining Deal
Markets Key Facts —The deal. Peruvian miner Alpayana is investing about C$140 million ($98.4m) for a near-twenty-percent stake in Canada’s Magna Mining. —The mechanics. Alpayana buys 62.2 million shares at C$2.25 each in a private placement, becoming Magna’s largest shareholder. —The first. It is Alpayana’s first move into Canada, extending a group with four decades […]
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