Web Site: www.CuMtn.com
VANCOUVER, Feb. 15 /PRNewswire-FirstCall/ - Copper Mountain Mining Corporation ("CMMC" or the "Company) announces that Bruce Aunger has agreed to join the Board of Directors effective immediately, subject to the approval of the TSX Exchange.
Mr. Aunger is a Chartered Accountant and senior executive with proven leadership, team building skills with a track record of success. Mr. Aunger is Chief Financial Officer and Executive Vice-President of Madison Venture Corporation and has been since 1988. Mr. Aunger serves as Secretary of Glacier Media, Inc. and GVIC Communications Corp. He was employed by Arthur Andersen, Chartered Accountants, for 11 years and served as a partner for 7 years. He has many years experience in the accounting, financial, taxation and financing fields. Mr. Aunger has been an Independent Director of Glacier Media, Inc. since April 28, 2000. Mr. Aunger obtained a BA degree in Commerce from Simon Fraser University. As a condition of Mr. Aunger's appointment he has been granted 245,000 share purchase options exercisable for a period of five years at an exercise price of $7.01 per share. These options will be subject to shareholder approval at the next annual general meeting.
Jim O'Rourke, President and CEO, stated, "We are extremely pleased to have a person of Bruce's stature join our Board. Bruce has extensive financial experience and has been named Chairman of the Audit Committee effective immediately. His knowledge of the taxation and financing fields will be invaluable as the Company moves from a development staged Company into operations by June of this year and become a mid-tier copper producer." Mr. O'Rourke stated further that the Company has also accepted the resignation of Mr. Graf who has resigned for personnel reasons, and the Board would like to thank Mr. Graf for his contribution to the Company."
About Copper Mountain Mining Corp.:
Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company's shares trade on the Toronto Stock Exchange under the symbol "CUM". Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project. The 18,000 acre mine site is located 20 km south of the town of Princeton in southern British Columbia. The Copper Mountain Project has a current resource of approximately 5 billion pounds of copper, the Copper Mountain Project is fully financed ($438M) and in construction and on schedule for the mine to produce approximately 100 million pounds of copper per year by mid 2011. Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
Chairman of the Board
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 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
SOURCE Copper Mountain Mining Corporation