Mercator subsidiary Stingray Copper divests El Pilar Project in US$100 million transaction

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01 July 2015
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Jonathan Ross

On July 6, 2015, Stingray Copper Inc., a wholly-owned subsidiary of Mercator Minerals Ltd. (bankrupt, formerly TSX: ML), completed the US$100 million sale of its El Pilar oxide copper development project in Mexico to a subsidiary of Grupo Mexico S.A.B. de CV (BMV: GMEXICOB).

Deloitte Restructuring Inc. is Trustee in Bankruptcy to Mercator. We advised Deloitte with a team that included Colin Brousson and Jonathan Ross (insolvency) and Catherine Graham (corporate/M&A).

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