Sunstone Metals Ltd (publ)
Sunstone Metals Ltd (publ) has succesfully sold Avalon Minerals Viscaria to Copperstone Resources AB
Evli Corporate Finance acted as exclusive advisor to Sunstone Metals Ltd (publ) in the sale of Avalon Minerals Viscaria AB (“Viscaria”) to Copperstone Resources AB (publ). Copperstone acquired Viscaria with a combination of cash and shares, making Sunstone the largest shareholder in Copperstone.
The Viscaria Copper Project is located in Kiruna, northern Sweden, and has nearly 345 km of historic drill cores and estimated mineral resources of 52.4m tonnes at 1.2% copper of different classes, potentially 608,900 tons of copper.
Sunstone Metals is a listed mineral exploration company in Australia with high quality gold and copper assets in Ecuador, Finland and Sweden.
Copperstone is a NASDAQ First North listed mineral exploration company, focused on base and precious metal exploration in Northern Sweden.
Copperstone Resources AB
Evli Corporate Finance AB
Evli has been providing corporate finance services since 1997. Today Evli has around 20 professionals at our Helsinki and Stockholm office, supported by a network of more than 20 senior advisors with previous top management experience from a range of industries. We advise our clients on mergers and acquisitions, disposals, leveraged buy-outs, joint ventures and various capital market transactions including public and private fund raisings. We are generalists in terms of industries that we work with, but have a dedicated healthcare team and have significant experience from transactions in the following sectors: mining, raw materials, consumer goods & retail, TMT, building / building products, and real estate. Our clients are typically companies, private and public, and their owners as well as institutional investors and private equity companies active or interested in the Nordic countries. Since 2007 we have advised on more than 150 transactions with a combined value of over € 10 billion.