TORONTO, May 14, 2014 /CNW/ - Copper One Inc.
(CUO-TSX:V) ("Copper One" or the "Company") announces the
appointment of Benoit Gascon to its
Board of Directors.
Mr. Gascon is the President and Chief Executive Officer of Mason
Graphite Inc. and has over 20 years of experience in the graphite
and carbon industries. Previously, he was the Chief Executive
Officer of Stratmin Graphite, which operates the Lac-des-Iles deposit, one of North America's only producing graphite mines.
He negotiated the take-over of Stratmin Graphite by Imerys SA, a
world leader in industrial minerals, to form Timcal Graphite &
Carbon, a leader in its industry. At Timcal, Mr. Gascon held
various executive positions from Senior Vice-President Sales and
Deputy General Manager to Senior Vice-President, Business
Development and Strategy. Mr. Gascon is a Chartered Accountant and
a Certified Management Accountant and holds a Bachelor in Business
Administration from École des Hautes Études Commerciales (HEC).
Stock Option Grant
Copper One also announces that it has granted a total of
3,965,000 stock options to its officers, directors and certain
consultants. The stock options vest immediately, subject to a four
month regulatory hold period, and may be exercised at a price of
$0.07 per option for a period of five
years from the date hereof. This grant of options is subject to the
approval of the TSX Venture Exchange.
About Copper One
Copper One is focused on developing high-value copper and gold
projects in leading mining jurisdictions. The Company is part of
the Forbes & Manhattan Group of Companies, which has built,
operated and sold mines in Canada
and globally. The Copper One portfolio includes the Rivière Doré
copper-nickel project, located near Val
d'Or, Quebec, and the Queylus copper-gold project, located
in the Chibougamau mining district
in Quebec. On April 8, 2014, Copper One entered into an
agreement to acquire the past-producing Troilus mine from First
Quantum Minerals. Copper One expects to complete the acquisition of
the Troilus mine on or before June 30,
2014.
Cautionary Note Regarding Forward-looking
Information
This press release contains "forward‑looking information"
within the meaning of applicable Canadian securities legislation.
Forward‑looking information includes, but is not limited to,
statements regarding the Company's plans for developing its mineral
properties and the anticipated timing for completing the
acquisition of the Troilus property. Generally, forward‑looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward‑looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward‑looking information, including but not limited to: general
business, economic, competitive, political and social
uncertainties; the actual results of current exploration
activities; future prices of mineral prices; failure of plant,
equipment or processes to operate as anticipated; accidents, labour
disputes and shortages and other risks of the mining industry.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward‑looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Copper One Inc.