The shares representing the 78% interest in Liard Copper Mines Limited ("Liard") that are included in the Schaft Creek Joint Venture will be held in the name of Teck for the benefit of Copper Fox (25%) and Teck (75%). Liard holds a 30% net profits interest in the Schaft Creek property.

"CUU also bought some shares directly from past shareholders of Laird, 1-2 % I forgot"

Yes, CUU purchased approx 2% when we add the JV 25% it comes to a total of 398,226 Liard shares.

The Liard 30% net proceeds interest does not start until the 9th or 10th year after production begins.