Business
Copper Fox announces extension of expiry date of certain stock options
VANCOUVER, Jan. 16, 2013 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company") ...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Jan. 16, 2013 /CNW/ - Copper Fox Metals Inc. (\"Copper Fox\" or the \"Company\") (TSX-Venture: CUU) announces that the Board of Directors of the Company has authorized,\n subject to TSX Venture Exchange approval, an amendment to 1,000,000\n incentive stock options (the \"Options\") granted to officers of the\n Company to extend the expiry date of the Options to January 11, 2014. \n The Options were subject to a Trading Blackout imposed by the Company\n for a significant period of time pending the preparation and completion\n of the Company's Positive Feasibility Study of the Shaft Creek deposit,\n and were set to expire in accordance with the terms of the Company's\n stock option plan following the release of the results of the Company's\n Positive Feasibility Study.  As a result, the Board of Directors of the\n Company has determined it advisable to extend the expiry date of the\n Options to January 11, 2014.  All other terms of the Options, including\n the exercise price, remain the same.\n\n\nPursuant to the policies of the TSX Venture Exchange, the amendment to\n the term of the Options must be approved by disinterested shareholders\n of the Company at the next annual general meeting of the Company.  The\n Options may not be exercised until disinterested shareholder approval\n is obtained.\n\n\nAbout Copper Fox \n\n\nCopper Fox is a Canadian-based resource development company listed on\n the TSX Venture Exchange (TSX-V: CUU) with a corporate office in\n Calgary, AB and an operations office in Vancouver, BC.  Its major asset\n is the Schaft Creek copper, gold, molybdenum and silver deposit located\n in northwestern British Columbia, Canada for which a positive\n Feasibility Study was recently completed.\n\n\nCopper Fox holds title and a 100% working interest in the Schaft Creek\n project consisting of 55,779.56 hectares (137,834 acres). Included in\n this total are the \"Schedule A\" mineral tenures originally conveyed to\n Copper Fox pursuant to the Teck Option Agreement, which consist of\n 8,334.34 hectares (20,594 acres). The \"Schedule A\" mineral tenures are\n subject to a 3.5% Net Profits Interest held by Royal Gold, Inc., a 30%\n carried Net Proceeds Interest held by Liard and, together with the\n additional mineral tenures  obtained by Copper Fox  within the \"...