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Greenstone completes $137 million public secondary offering of equity interests in Marimaca Copper

On February 26, 2026, funds advised by Greenstone Resources LP completed the divestment of equity interests in Marimaca Copper Corp., a copper exploration and development company dual-listed on the Toronto Stock Exchange and the Australian Securities Exchange and developing the Marimaca copper project in the Antofagasta Region of Chile. The Greenstone divestment was effected through a brokered public secondary offering of common shares and CHESS depositary interests (CDIs) pursuant to a prospectus supplement in Canada and a block trade agreement in Australia, generating aggregate gross proceeds to the Greenstone entities of approximately C$137 million. The Greenstone tranche formed part of a wider secondary offering of approximately C$270 million by Greenstone Resources II L.P., Greenstone Co-Investment No. 1 (Coro) L.P. and other selling shareholders, which in turn formed part of a larger global treasury and secondary offering of shares and CDIs in Canada and Australia for combined gross proceeds of approximately C$409 million. The Canadian common shares were priced at C$10.00 per share and the Australian CDIs at A$10.35 per CDI. Treasury proceeds are to be used by Marimaca to advance the Marimaca project, including pre-construction engineering and early site works, to fund a drilling campaign at Pampa Medina and for working capital and general corporate purposes; the company received no proceeds from the secondary component. Selling shareholders agreed to a 90-day lock-up, subject to limited exceptions.

Company

Greenstone Group

Company

Greenstone Resources LP

Law Firm / Organization
Fasken Martineau DuMoulin LLP
Public/Private Offering
Mining
$ 137,000,000
Closed
26 February 2026