COPPER MOUNTAIN APPOINTS NEW BOARD MEMBER
VANCOUVER, Feb. 15 /CNW/ --
Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, Feb. 15 /CNW/ - 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
'Jim O'Rourke'
Jim O'Rourke
Chairman of the Board
Website: www.CuMtn.com
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
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Galina Meleger, Corporate Communications 604-682-2992 ext.224 Email: Galina.meleger@CuMtn.com