4 Benefits of this deal: a good opportunity for CNYC shareholders:
1. Brings in cash without having to dillute shareholders by means of a finacing.
2. Work can start immediately on the property which will benefit both companies.
3. Shares in a pre-listed company.
4. Double the exposure anytime their is a PR or Update
Plus: CNC / CNYC still has other properties to develop or J.V.
This shows they are willing to deal and J.V. other properties
Canyon Copper Corp. (TSX.V: CNC , OTCBB: CNYC) is a resource company with two advanced mineral resource properties in Western USA:
(1)New York Canyon Project (Cu, Mo),
(2) Moonlight Porphyry Copper Project (Cu, Au, Ag).
Canyon Copper has assembled a management team with the experience and real-world expertise to move its projects forward towards production.
*Please Visit our "Maps & Photos" Page to take a closer look at the images above
PROJECTS
New York Canyon is located in Mineral County, Nevada, near the town of Luning. Canyon Copper holds a 100% interest in 664 plus mineral claims.
Moonlight is located around Crescent Mills, Plumas County, California. Canyon Copper has agreed to acquire the former Placer Dome Project, a bulk tonnage porphyry Copper, Gold, Silver Property.