Xstrata own 10.72% of those Liard shares....They didn't want to let them go, they didn't want to sell (I asked).
So why would Teck let go of 78%.....
CUU tried to get private investors to sell them...they got 1.47%...seems they couldn't get the other 9.81%
Acquisition of Liard Mining Shares:
Copper Fox acquired 2,388 common shares of Liard Copper Mines Ltd. ("Liard"), a private company incorporated in BC from Mr. Gary Bird for a cash payment of $30,506.70 and 14,391 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited ("Teck") owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive feasibility study, Copper Fox will acquire Teck's 78% interest in Liard.
Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox.
