Carl Renzoni Joins Copper Mountain Board
VANCOUVER, March 18 /PRNewswire-FirstCall/ — Copper Mountain Mining Corporation (“CMMC” or the “Company) announces that Carl L. Renzoni has agreed to join the Board of Directors effective immediately, subject to the approval of the TSX Venture Exchange.
Mr. Renzoni is a retired investment banker who worked at BMO Nesbitt Burns Inc. from June 1969 and more recently as a Managing Director up until his retirement in November 2001. Mr. Renzoni brings over 30 years of experience in the securities business specializing in the mining industry and has extensive knowledge of all aspects of corporate finance including mergers and acquisitions. Mr. Renzoni was a director of: Meridian Gold Inc until its takeover by Yamana Gold Inc in October 2007 and was a Director of Peru Copper until its takeover by the Aluminum Corporation of China for $840 million in June 2007. Mr. Renzoni is a Director of Yamana Gold Inc since October 2007 and a Director of International Molybdenum since May 2005. Mr. Renzoni received an Honours Bachelor of Science degree in Geology from Queen’s University in Kingston, Ontario in 1963. Mr. Renzoni is a citizen and resident of Canada.
Jim O’Rourke, President and CEO, stated, “We are extremely pleased to have Mr. Renzoni join our Board which will greatly strengthen our financial capabilities. With Mr. Renzoni’s extensive knowledge of the Canadian and international financial markets, this will be invaluable as the Company moves forward with financing and reopening this past producer. Mr. O’Rourke stated further that “Copper Mountain is forging ahead with its aggressive exploration and development plans for the coming year and Mr. Renzoni is a welcome addition to the team.”
About Copper Mountain Mining Corporation:
CMMC is a new public BC resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company owns 100% of the 18,000 acre Copper Mountain Project, located 15 km south of the town of Princeton in southern British Columbia. The developed infrastructure, substantial resource, and extensive historical data base provides an exceptional project. Copper Mountain Mining Corporation has the goal of developing the Copper Mountain Project as a major copper and precious metal producer within the next three years. Completion of the Feasibility Study is expected early in the second quarter, with a production decision to follow shortly thereafter. The design criteria in the current Feasibility Study is for a 35,000 ton/day operation which would produce approximately 100 million pounds of copper, 38,000 ounces of gold and 800,000 ounces of silver annually at a life-of-mine operating cost of US $1 per pound copper (net of gold and silver credits). Continued exploration success would allow for subsequent project expansions as the project grows. Copper Mountain Mining Corporation’s shares trade on the TSX Venture Exchange under the symbol CUM. Additional information is available on the Company’s web page at http://www.cumtn.com/.
On behalf of the Board of COPPER MOUNTAIN MINING CORPORATION “Rod Shier” Rod Shier Director and Chief Financial Officer
Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at http://www.sedar.com/, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statement.
CONTACT: Don Graham, Director Investor Relations, (604) 682-2992 ext. 224, Email: don@CuMtn.com, Website: http://www.cumtn.com/ or B&D Capital, (604) 685-6465
Copper Mountain Mining Corporation
CONTACT: Don Graham, Director Investor Relations, (604) 682-2992 ext.224, Email: don@CuMtn.com, Website: http://www.cumtn.com/; or B&D Capital, (604)685-6465