Re: Ok, we are definitely gone by late summer......

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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HayzToo

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Re: Ok, we are definitely gone by late summer......

posted on Aug 17, 2012 02:56PM

just an agreed upon offer between Teck and EE for the whole thing.

I suspect this is incorrect. Although EE can make or break every decision put to vote, CUU has NO other option but to put a 100% buyout to a 100% shareholder vote. Yes, EE is the only vote that matters, but that does not equate to them having a legal right to outright ignore the rest of us.

Having said that... if it's a purchase of 95% of our assets (ie... we keep AZ properties as CUU)... then I think CUU remains as an entity, so they are able to bypass getting a shareholder vote? This is in line with the fact that they purchased assets without going to a vote on buying the AZ properties.

Only a 100% buyout should go to shareholder vote?

I'm sure I just summed up 1000 page textbook in two paragraphs, so go easy on me if I've "missed some stuff."