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Investor Relations Resources

To view or download our corporate brochure [PDF].

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For more information, please contact:

Mike Labach, Investor Relations Manager
Phone 1.866.HUNT ORE / 1.866.486.8673.
Email mgl@copcanyon.com

Galore Creek Comment

Copper Canyon Resources (CPY) and NovaGold have agreed to form a 40/60 joint venture to explore and develop the Copper Canyon property.  This joint venture presents CPY directors and its shareholders with a number of options going forward on the development of this project.

As operator of the Copper Canyon property, NovaGold announced that it and Teck, are considering a more aggressive program in 2010 to advance Galore Creek toward a construction decision.  They expect to issue a new mine plan for the project in early 2010.  This plan is to include updated economics using higher gold and copper prices and an optimized project plan.  Should either NovaGold or the Galore Creek Partnership (a 50/50 partnership between NovaGold and Teck Cominco) elect to do any work at Copper Canyon, CPY would likely participate as required.  Alternatively, CPY may elect to propose work programs on the property either to expand the inferred resource or explore other areas of the property.

CPY management considers the Copper Canyon property to be an important component of the Galore Creek project, providing a potential source of high-grade ore. The Copper Canyon property contains a significant Inferred Resource (see news release Nov 19, 2007) based on the results following a drill program completed by NovaGold in 2005.  

In 2007. a 12-hole, 16,200 ft (4,940 m) diamond drilling program completed, results of the drill program can be found in the news release of Dec 19, 2007.  A compilation map outlining the drill-hole locations for the 2007 program can be found here: Copper Canyon Drill-hole Location Map   One of several step-out holes drilled by NovaGold in 2007 was located approximately a kilometer away from where the inferred resource is located and returned significant results.  Prior to the 2007 drill program, less than 5% of the Copper Canyon property had been explored.

The Company remains strong: with $700,000 in its’ treasury, $350,000 in short term investments and a dedicated management team.  We remain committed to the Copper Canyon/Galore Creek project and will endeavor to maximize the value of the important mineral resource present on the Copper Canyon Property. When revised economic and engineering models are developed to advance the Galore Creek Project, we are confident that the Copper Canyon deposit will feature much more prominently in future mine plans.

Trading Information

Our shares trades in Canada on the TSX Venture Exchange (TSX-V) under the symbol: CPY

In the US, our shares trade on the Pink Sheets under the symbol: CAYRF

Daily Trading and News Information

Daily trading activity can be viewed under the “Stock Quote” toolbar within this section of our website.  All news releases can be viewed by navigating to the “News” section of this website. 

Alternatively, investors can access trading information through various investment portals on the web.  Here are a few of the more popular sites:

BullBoards and Blogs

There are a number of shareholders who communicate through bullboards and blog sites.  A popular site is:

Shareholder Rights Plan

On June 13, 2007 the shareholders of the Company ratified and implemented a shareholder rights plan designed to encourage the fair and equal treatment of shareholders in connection with any take-over bid for the outstanding securities of the Company.

The Rights Plan is intended to provide the shareholders of the Company with adequate time to properly assess the merits of a take-over bid without undue pressure and to allow competing bids to emerge.  The Rights Plan is further designed to give the Board of Directors time to consider alternatives to a take-over bid as a means of maximizing shareholder value.  Copper Canyon's Board of Directors is not currently aware of any pending or threatened take-over bid for the Company.  The Rights Plan is similar to plans adopted by other Canadian companies and ratified by their shareholders.

Under the terms of the Rights Plan, one right (a "Right") will be issued by Copper Canyon in respect of each outstanding Copper Canyon common share at the close of business as of April 20, 2007 and in respect of each Copper Canyon common share issued thereafter (subject to the terms of the Rights Plan).  The Rights issued under the Rights Plan become exercisable only if a person acquires or announces its intention to acquire 20% or more of the common shares of the Company without complying with the "permitted bid" provisions of the Rights Plan or without the approval of Copper Canyon's Board of Directors.

Should such an acquisition occur, Rights holders (other than the acquiring person or related persons) can purchase common shares of the Company at a substantial discount to the prevailing market price (as defined in the Rights Plan) at the time the Rights become exercisable.

"Permitted bids" under the Rights Plan must be made to all holders of Copper Canyon's common shares and must be open for acceptance for a minimum of 45 days.  If at the end of 45 days at least 50% of the outstanding common shares other than those owned by the offer and certain related parties have been tendered and not withdrawn, the bidder may take up and pay for the shares but must extend the bid for a further 10 days to allow other shareholders to tender to the bid.

A copy of the Rights Plan is available for viewing on SEDAR at www.sedar.com, and can also be obtained from Copper Canyon upon a written request.

Plan of Arrangement - Accounting Information

In June 2006, Eagle Plains Resources spun-off it's Copper Canyon , Abo and Severence properties into Copper Canyon Resources, resulting in a 1 for 1 share split.  For accounting purposes the cost basis of the Copper Canyon shares is to be 59.35% of the pre-split Eagle Plains share purchase cost.

Updated January 7, 2010