Copper King Mining Corporation Announces Tentative Agreement for Sale of Copper Concentrates to RBS Sempra Metals and Concentrates, LLC
Jul 6, 2009 10:04:00 AM
View Additional ProfilesMILFORD, UT -- (MARKET WIRE) -- 07/06/09 -- Copper King Mining Corporation (PINKSHEETS: CPRK) ("Copper King" or the "Company") and its wholly-owned subsidiary, Western Utah Copper Company, are pleased to announce that they have entered into a tentative agreement with RBS Sempra Metals & Concentrates, LLC on behalf of The Royal Bank of Scotland PLC, to sell 100% of the copper concentrates produced at the WUCC Milford project. This agreement, when fully executed, will supersede or replace any other prior sales agreements relating to copper ores or concentrates.
About Copper King
Copper King controls over 59,000 acres of advanced-stage and development-stage mineralized acreage in Western Beaver County, Utah. The Company is ramping up production at a 5,000 ton per day capacity flotation mill for processing high-grade ores from its Hidden Treasure copper-gold-silver mine and other controlled properties under its control. Copper King is led by an experienced management team focused on exploration and production using traditional and new technologies.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to commence production, our plans to drill or our drilling results to fail to materialize: general world economic conditions; availability of capital; unfavorable geologic conditions; the complexity of exploration and production; prevailing prices for commodities, and general regional economic conditions. Copper King assumes no obligation to update the information contained in this press release.
Contact:
Investor Relations:
Charles A. Moskowitz
617-633-2259
Email Contact
Company URL:
www.wuccompany.com
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