warrants...

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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cuuvette350

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warrants...

posted on Aug 24, 2012 05:48PM

So they don't want to spend money on having the camp opened, they want to save money. Board is against more dilution, the latest PP isn't closed

BUT (here is dilution for money they don't need, yet expected to need, thus the whole point of the warrants)

Each PP was attached with warrants...here are the Sept ones:

''The Financing replaced the offering announced on September 7th and September 12th, 2011 and consisted firstly of the issuance of 1,851,852 units at a purchase price of $1.35 per unit, for aggregate net proceeds of $2,500,000. Each unit consists of one common share of Copper Fox and one common share purchase warrant of Copper Fox. Each warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of CDN $1.50 prior to 5.00 PM September 30, 2012. ''

The the Oct 18 ones:

Each warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of CDN $1.50 prior to 5.00 PM October 31, 2012.