Coyote Copper Inc.

February 19, 2009 16:54 ET

Coyote Copper Inc.: Acquisition of Shares of Northern Tiger Resources Inc. ("Northern Tiger")

EDMONTON, ALBERTA--(Marketwire - Feb. 19, 2009) - Further to disclosure requirements of applicable securities laws, Coyote Copper Inc. ("Coyote Copper") reports that on February 19, 2009 it acquired (the "Acquisition") 3,824,375 units of Northern Tiger (the "Units") pursuant to the private placement of Units at $0.07 per Unit. Each Unit consists of one common share of Northern Tiger (the "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant is exercisable into a Common Share for two years at $0.12 per Common Share.

Upon completion of the Acquisition, Coyote Copper beneficially owned and controlled 7,648,750 Common Shares or approximately 19.59% of the total issued and outstanding Common Shares, calculated on a fully diluted basis. However, subsequent to the Acquisition, Coyote Copper transferred, pursuant to applicable registration and prospectus exemptions, the Common Shares and Warrants to all of its shareholders (on a pro rata basis), as a return of capital, in conjunction with Coyote Copper's pending dissolution.

This press release is issued pursuant to Multilateral Instrument 62-103 which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with Northern Tiger's documents on the SEDAR website, at www.sedar.com.

Coyote Copper Inc.

Lori Walton

Contact Information

  • Coyote Copper Inc.
    #220, 17010 - 103 Avenue
    Edmonton, Alberta T5S 1K7
    (780) 428-3465