CopperKing
Official Exit Notice 6/27/2013
It's Official!
Congratulations are in order.
Enough of you stepped up and made the commitment to fund the DIP loan. We are happy to announce that CopperKing truly is ‘Rising from the Ashes’ and has OFFICIALLY exited Bankruptcy. The POR has been funded and the notifications stating that Copper King has reached it’s “effective” date have been sent. (See below)
There is still a lot of work to be done before we will be ready to start trading again, but the major hurdle to resuming business has been cleared. Without the black cloud of Bankruptcy hanging over our heads, we are free to move forward with finalizing the acquisitions and financing opportunities we have been developing. There is paperwork and filings that must be made before Copper King stock can be traded again and too much of it can get hung up in the bureaucracy, but we are pushing the process as hard as we can. No promises, but we hope to have everything pushed through the process in 60 days or less. We are planning to hold periodic tele-conferences and send e-mail updates to keep you up to date on where we are in the process.
We have faced some seemingly insurmountable obstacles to get Copper King to this point. As a team, we are committed to facing the challenges before us and leading the way to a profitable future for CopperKing. We are committed to doing everything in our power to earn the trust you have shown in our management team, and to develop Copper King as a company you can be proud to be a part of.
THANK YOU!
The CopperKing Management Team
Official Notice
The following is the essence of the official notice document. The full legal document is available at the bottom of the Shareholder Updates page of the website as 'Exit Notice' (see link below)
Copper King Mining Corporation ('CK'), a Reorganized Debtor in the above-referenced jointly administered bankruptcy cases, hereby provides notice that, the 'Joint Plan Of Reorganization Under Chapter 11 Of The Bankruptcy Code Proposed By Debtors As Amended On September 10, 2012' (the 'Plan') confirmed by the Bankruptcy Court pursuant to its Order entered November 26, 2012, has taken effect as to CK.
Pursuant to the Plan, the 'Effective Date' means 'a Business Day on or after the Confirmation Date specified by Debtors on which (i) no stay of the Confirmation Order is in effect, and (ii) the conditions to the effectiveness of the Plan specified in section 10.2 hereof have been satisfied or waived.'
CK specifies June 19, 2013 as the 'Effective Date' of the Plan as to CK, and represents that: (i)
no stay of the Confirmation Order is in effect, and (ii) the conditions to the effectiveness of the Plan as to CK specified in section 10.2 of the Plan have been satisfied or waived.
Dated: June 19, 2013 LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
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CopperKing Mining
380 North 200 West Suite 200
Bountiful, Utah | 84010
Tel. (801) 301-8733
Fax. (206) 339-3295
CopperKingMining.com
CopperKing Mining
1042 Ft Union Blvd #136
Midvale Utah 84047
United States
Patience will be rewarded ...
Patience will be rewarded ...
