What an amazing day, really good to see the volume increasing like it is, I couldn’t resist highlighting a sample of Vette’s admiration at what is being discovered at Shaft creek.
Even CUU doesn't know how big this...they can’t find the end of it, hitting 0.96% on geotech holes......
419 is a starter pit in itself....dig down 10m to get to the goods.. = very economic
Gotta love that… This is already fantastic in my eyes, it’s hard to comprehend that it could get any better, but this copper & gold mine is now becoming a treasure chest with gems spread all over the place LOL.
Does anyone remember this!! Someone will be kicking themselves fairly hard now IMO, after all the recent news & progress of Copperfox. Have a great weekend all. Cheers Topaz.
Fri Feb 27, 2009 9:01am EST
VANCOUVER, BRITISH COLUMBIA, Feb 27 (MARKET WIRE) --
Lions Gate Metals Inc. ("Lions Gate") (TSX VENTURE: LGM) and Copper Fox
Metals ("Copper Fox") (TSX VENTURE: CUU) are pleased to announce that
they have entered into a binding letter of intent ("LOI") containing the
principal terms by which, subject to satisfaction of certain conditions,
Lions Gate will acquire all of the issued and outstanding common shares
of Copper Fox through a plan of arrangement or other form of business
combination (the "Business Combination").
There are currently 112,501,585 Copper Fox common shares issued and
outstanding, 8,898,000 outstanding options to purchase Copper Fox common
shares and 15,921,404 Copper Fox common shares issuable pursuant to
outstanding share purchase warrants.
Guillermo Salazar, President and CEO of Copper Fox, stated, "I am
delighted that Copper Fox has been able to enter into this binding LOI
with Lions Gate. This transaction will allow us to advance and unlock the
inherent value of our core assets including the Schaft Creek deposit,
solidify Copper Fox's financial position, and leverage the combined asset
base with a view to adding to the shareholders' value. The synergies in
focus of business and management are apparent and we believe that they
will strengthen the combined entity's position in the copper sector."