Business
Global Copper Summary of Current Developments
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2016) - On October 23, 2015 Global Copper Group Inc. ("Global Copper") (TSX VENTURE:ICU) announced that it h
About this update from Power Group Projects Corp.
[{"type":"text","content":" VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2016) - On October 23, 2015 Global Copper Group Inc. (\"Global Copper\") (TSX VENTURE:ICU) announced that it had signed a Letter of Intent as a result of which it would be reviewing data available with respect to a copper mining project in North Eastern Mexico. Following a review of the information and in light of the existing capital market conditions, Global Copper now announces that it will not proceed with this possible acquisition. The Company continues to review mineral copper opportunities and has identified other prospects of potential merit. Should any of these prospects materialize, further announcements will be made. As a separate corporate development, Global Copper announces that Jevin Werbes has been appointed a Director and Chairman of the Board. Mr. Werbes is also the President & CEO of Carmax Mining Corp., a British Columbia corporation currently developing the Eaglehead property located in the Dease Lake area of the Province of British Columbia. Mr. Werbes brings more than 20 years of experience in the local mining markets to Global Copper. \"Existing market conditions have resulted in the availability of well-defined prospective mineral projects that fit Global Copper's asset acquisition criteria,\" says Daniel Caamano, President & CEO. \"The Company will continue to aggressively pursue relevant opportunities. Additionally, Global Copper welcomes Jevin Werbes onto the management team. His extensive experience and financial connections will be a critical asset for the company.\" About Global Copper Group Inc. Global Copper Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange (TSX VENTURE:ICU) focused on copper exploration and development. The company plans to acquire, de-risk and advance copper assets in mining friendly jurisdictions prior to seeking joint venture partnerships. On behalf of the Board of Directors Daniel Caamano, President and CEO Global Copper Group Inc. We seek safe harbor. Neither the 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. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities...