Copper King Mining Corporation fka CPRKQ

[Bmr750]

Shareholder update ------


CopperKing
Shareholder Update 05/28/2015








Shareholder Update









Good news!

Many of us have been waiting and working toward this for a long time.

It has taken a LOT of work and a LOT of money but the new Copper King shares are being issued!

As you know the new shares are being issued according to the Plan of Reorganization that was approved by the court, and issued to original shareholders pro-rata according to the number of old shares each was shown to own on the Registrars list. The first new shares issued will be those that are sent to the Broker/Dealers (B/D). Those of you who have shares held by a Broker/Dealer(such as Ameritrade, Scotttrade, Merrill Lynch, etc.) should see the new shares in your account without the need to take any action on your part. However, the process may be a little different for each broker so there is no way for us to predict exactly how long it will take for the shares to show up in your account.

The Company had to “jump through hoops” to comply with some of the protocol of the DTC (Depository Trust Corporation) and other regulators, but it is a fairly simple process from here to completion.


What is the Process



So that you can get a feel for how the process should work with your Broker/Dealer here is the simplified version:

1. CopperKing verifies the status of each Broker/Dealer and shareholder according to the requirements of the POR and the various rulings of the Court.
2. CopperKing passes the verified shareholder list on to both the legal team and the Registrar for review.
3. CopperKing and the Registrar work together to prepare letters and instructions for the Broker/Dealers and the DTC. Each letter is specific to the individual entity and includes a list of the old certificate numbers listed as assigned to that entity.
4. The Registrar issues the new Certificates based on the new approved list and matches up the old and new certificates.
5. DTC protocol requires them to return certain of the old share certificates to the Registrar for cancellation. (This is NOT required by the POR but DTC protocol does help minimize future problems by making sure older Certificates are formally cancelled)
6. The new issue/cancellation/information letter is sent to the various entities (B/D’s, DTC, etc.)
7. Shares sent to the DTC may need to go through one more step before they are deposited into specific accounts.
8. Because the Broker/Dealers do not want to disclose client/customer/shareholder lists they have their own in-house processes for assigning the new shares into the proper accounts. I am told that typically what happens is that they assign the task of making the distributions either to their own back office or to one of 3 or 4 companies that provide services to the B/D community.
9. The B/D back office or service company identifies each shareholder account, charges a fee to that account and makes what is called in the industry,an “Account Adjustment.”
10. The Account Adjustment does two things. It cancels the old shares and “deposits” the new shares in your account.



Timing ...
The new share calculations have been made and submitted to th

Again,the time involved to accomplish the above for each B/D will vary. There is no way we can predict or control how long the process takes.

Those of you who are issued paper Certificates will get your Certificate by mail. They will be issued immediately after the Broker/Dealer letters have been sent.

Those of you who will receive 10,000 or more New Shares (including Shares obtained through ESF) will be contacted individually.


Remember ...
Please remember information in this update applies to the distribution of New Shares. Authorization to trade New Shares is still pending action by FINRA. We are working with FINRA to try and make sure Company shares can trade as soon as possible.

Thank you for your on-going support.
Lee Abbott



Update Your Contact Information
If you think we may not have your current contact information, you can enter the information on the Shareholder Registration page of the website or email your information to us at [e-mail].


Cautionary Note
Cautionary Note Regarding Forward-Looking Statements: This Shareholder update contains certain "Forward Looking Information" and "Forward Looking Statements" within the meaning of applicable securities legislation, which may include, but is not limited to, statements with respect to the ability to realize the expected benefits of retaining an interest in ESF and/or Copper King Mining... Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" "does not expect", "is expected", "is likely", "budget" "scheduled", "estimates", "forecasts", "intends", "anticipates", "does not anticipate", or "believes", or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "have the potential to". All statements, other than statements of historical fact, herein are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include: risks associated with not closing certain transactions, including failure to obtain all required regulatory approvals, the expected returns from investments and the other factors. There are risk factors associated with investments in these companies and you should make sure you are aware of them. Forward-looking statements contained herein are made as of the date of this Update, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements







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CopperKing Mining
380 North 200 West Suite 200
Bountiful, Utah | 84010
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CopperKingMining.com