Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
Capstone Copper said on Thursday the copper miner and affiliates of Orion Mine Finance have entered into a deal with RBC Capital Markets, in which the underwriter will buy 59.52 million shares at C$6.30 per share for nearly C$375 million ($280.14 million).
The offering is expected to close on around Feb. 8.
($1 = 1.3386 Canadian dollars)
(By Seher Dareen; Editing by Arun Koyyur)
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