Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Question for the board
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Dec 28, 2012 04:34PM
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Dec 28, 2012 05:26PM
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Dec 28, 2012 05:36PM

Teck can acquire 10% (~40M shares) without any disclosure. Once over 10% they have 10 days to file their position on sedi. If they go over 20% they become a control block. Not sure if CUU has a shareholder rights plan but if they do then acquiring any shares over 20% would require an offer to all shareholders otherwise they can only buy 2% at a time and need to disclose each time they cross that 2% threshold.

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Dec 29, 2012 10:17AM
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Dec 29, 2012 10:30AM
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