Annual General Meeting

If Teck does decide to buy us out, we will need to vote on it at a meeting. We've got an upcoming Annual General Meeting that would be the perfect time to vote on a buyout. If Copper Fox thinks we might get bought out soon, it would be poor planning to have a standard AGM and then organize another special meeting afterwards for a buyout.

It does not matter if CUU thinks they may be bought out soon. It must remain business as usual and they can't start officially planning anything until it becomes fact

We will be notified of a meeting on Sedar as a "Notice of Meeting" followed with a Management Information Circular and Form of Proxy. The Form of Proxy will have the items we need to vote on. There is supposed to be 21 days between the Proxy and the meeting itself.

Meetings can be delayed or re scheduled for many different reasons so this is not an issue

To summarize, it will be bad news if our Proxy info gets posted soon. This will indicate that it's "business as usual" and that Copper Fox doesn't expect a buyout any time soon (although a back-in is still possible).

Again, it MUST remain business as usual

Insider Buying/Selling

If the company is in negotiations the insiders will all be blacked out. If we see an insider buy or sell, this will indicate that discussions have terminated.

Based on an assumption only as we don't really know for sure when, in the negotiation process, they need to be blacked-out

Financings

If Teck is buying us out, we won't need to raise any money. If Teck is backing in, we will need very little money to keep the company running. If we see a financing, it will indicate that Copper Fox doesn't think they will be getting Teck's help for anything. While some might be happy that we will get 100% of the property, I think this is very bad for us.

Money can be raised at any time, they have other properties to explore and will require cash

Drilling Program

As I have mentioned before, it will be a bad thing for us to announce a drilling program unless we know Teck's decision. We don't have any money and the latest PP proved that we are unable to raise any money. Without knowing our financial situation, it will be difficult to determine the size of a drilling program.

Drilling program may very well be announced, but it could also be the drilling program that Teck or anyone else would just take over if a deal is made. No matter who ends up with SC, a drilling program needs to be initiated and CUU is in the best position to draw one up