Capstone Mining will acquire Far West Mining for about $754.1 million in a cash-and-stock deal. Far West shareholders will receive 1.825 shares of Capstone and $1.04 in cash in exchange for each Far West share held. After the completion of the deal, South Korea’s Korea Resources (KORES) will buy a 30% stake in Far West’s Santo Domingo copper project in Chile for $218.4 million from Capstone. Far West appointed BMO Capital Markets as the financial advisor, while Capstone hired Scotia Capital as lead financial advisor.

Click here for the release from PR Newswire.