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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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Message: Re: Elmer - Exercise of options
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Jun 24, 2014 12:02PM

What I have witnessed in past buy out deals/mergers etc is that, typically, unexcercised options are allowed to excercise, explicitly as part of the deal.

Yes, I think you're right. I think the TSX regulations allow for a brief period after an announcement of a deal for any options that were held up under blackout to be extended and purchased.

Besides if he knew there was a deal in the works he couldn't have bought them. So that wasn't it.

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