TORONTO, ONTARIO--(Marketwire - Feb. 25, 2013) - COPPER ONE INC. (TSX VENTURE:CUO) (the "Company" or "Copper One") is pleased to announce the appointment of Scott Moore and Justin Reid to the Board of Directors of Copper One, effective immediately. Mr. Moore will also assume the role of Executive Chairman of the Board of Directors.
Mr. Reid is a geologist and capital markets executive with over 20 years of experience focused exclusively in the mineral resource space. Mr. Reid holds a B.Sc from the University of Regina, a M.Sc from the University of Toronto and an MBA from the Kellogg School of Management at Northwestern University. Mr. Reid started his career as a geologist with SGS and Cominco Ltd after which he became a partner and senior mining analyst at Cormark Securities in Toronto. In 2009, Mr. Reid was named Executive General Manager at Paladin Energy, where he was responsible for leading all merger and acquisition, corporate and market related activities. He returned to Canada in early 2011 assuming the role of Managing Director Global Mining Sales at National Bank Financial, where he directed the firm's sales and trading in the mining sector. Mr. Reid is currently the president of Sulliden Gold Corporation Ltd.
G. Scott Moore, MBA, is currently the Vice-President Corporate Development of Forbes and Manhattan Group. Mr. Moore is an experienced business executive with over 25 years in the resource and durable goods sector. Former CEO of Dacha Strategic metals Inc form 2009 to Nov 2012. He was the president and chief executive of Franc-Or Resources Corporation from July 2008 until November 2009. From mid-2003 until November 2005, Mr. Moore was a senior manager at WBM, the distribution division of Weyerhaeuser. He holds a BA from the University of Toronto and an MBA from the Kellogg School of Management. Mr. Moore is also an officer of Sulliden Gold Corporation Ltd. and a director of Pitchblack Resources Ltd., Vast Exploration Inc., Sagres Energy Inc., Brookwater Ventures Inc. and Mason Graphite Inc.
Copper One has granted Mr. Moore and Mr. Reid, under the terms of its stock option plan, options to purchase an aggregate of 350,000 common shares at a price of $0.09 per share. The options are subject to vesting over a two year period and have an expiry date of February 22, 2018. Copper One also announces the resignation of Mr. François Perron and Mr. Alan Edwards, who acted respectively as Chairman and director of Copper One. Copper One thanks Mr. Perron and Mr. Edwards for their contribution to the Company.
About Copper One Inc.
Copper One is focused on developing high-value copper deposits in leading mining jurisdictions. The newest additions to Copper One's portfolio are the Rivière Doré copper-nickel project, located near Val d'Or, QC, and the Queylus copper-gold project in the Chibougamau mining district of Quebec. Copper One has six other properties in the Arizona and New Mexico copper mining districts, including the Lone Mountain copper oxide project. The Company is led by a diverse team of explorers, developers and operators with major company experience and a clear understanding of the mining business.
FORWARD-LOOKING INFORMATION: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements with respect to the impact of the acquisition on the Company and the Company's exploration plans with respect to the Property. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Copper One Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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