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researcher59

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Re: worthylion post# 101018

Thursday, 10/06/2022 9:37:03 AM

Thursday, October 06, 2022 9:37:03 AM

Post# of 113985
CPPMF +.34 to 1.54 on news that they are selling their Australian mine for cash proceeds of at least $170M and up to $230M, which is over $1 per share, pretax. At last report they have 214M shares o/s.

VANCOUVER, BC, Oct. 6, 2022 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the "Company" or "Copper Mountain") is pleased to announce it has entered into a definitive agreement with Harmony Gold Mining Company Limited (JSE: HAR) (NYSE: HMY) ("Harmony") to sell its wholly-owned Eva Copper Project and its 2,100km2 exploration land package in Queensland, Australia for total consideration of up to US$230 million (the "Transaction").
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