Sumitomo and G Mining Group Back Tintina's Dos Amigos Copper Project
Sumitomo (OTC Pink:SSUMF,TSE:8053) and Canadian engineering firm G Mining Group acquired a 25 percent stake in Tintina Mines (TSXV:TTS,OTCPL:TNNTF) to advance the Dos Amigos copper-gold project in northern Chile. Through a 50-50 special purpose vehicle, Sumitomo and G Mining subscribed for US$34.5 million of a US$65.5 million private placement issued by the Toronto-listed developer. The capital injection enabled Tintina to consolidate 100 percent ownership of the Dos Amigos project and fund deve