Pembridge reduces economic interest in Minto

LSE-listed Pembridge Resources is set to restructure the share ownership of its Minto copper mine, in Canada. In light of the current financial market conditions owing to the outbreak of Covid-19 globally, and the potential for material cash calls on Pembridge, the company, with other Minto shareholders, has agreed to remove certain future funding obligations of Pembridge and to restructure the mine’s share ownership.