N.W.T. Copper Mines Limited

March 24, 2010 16:34 ET

N.W.T. Copper Mines Limited Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwire - March 24, 2010) - N.W.T. Copper Mines Limited ("NWT") or the "Corporation") announces changes to management and its board of directors. Gladys Bateman has been appointed a director of NWT and will serve as Chief Financial Officer. William Love has resigned from the board of directors of NWT. The board of NWT thanks Mr. Love for his service to the Corporation. NWT's board and management is now comprised of Norma Cox, director and Chief Executive Officer; Gladys Bateman, director and Chief Financial Officer; and Ted Cox, director. These changes to NWT follow the recent death of NWT's long standing President, Joseph McDermott, who passed away in December 2009.

Separately, NWT continues to deal with the actions of a shareholder who purported to requisition and then call a shareholders meeting. On March 15, 2010, NWT filed a Notice on SEDAR (the "Notice") in response to a document that was posted on NWT's SEDAR filings by Brian M. Cloney which purported to be a report of voting results of a special meeting of shareholders of NWT of March 8, 2010 (the "Report"). Mr. Cloney purported to sign the Report as Chairman and CEO of NWT. NWT disputes the validity of Mr. Cloney's actions and his purported position with NWT. NWT is of the view that Mr. Cloney did not have the right to requisition or call a meeting of shareholders and has demanded that Mr. Cloney acknowledge the invalidity of those actions. If he refuses to do so, NWT intends to apply to the court to rectify the public record.

Contact Information

  • N.W.T. Copper Mines Limited
    Norma Cox
    Chief Executive Officer
    (807) 875 2647