VANCOUVER, Feb. 26 /CNW/ - Copper Mesa Mining Corporation ("Copper Mesa" or the "Company") (TSX:CUX) today announced that it is reviewing its strategic alternatives, including, but not limited to, the sale of certain assets and, alternatively, the potential sale of the Company. Copper Mesa has engaged Desjardins Securities Inc. as financial advisor to assist the Company in evaluating and considering such alternatives and their potential for enhancing shareholder value.
The review was precipitated by the receipt of expressions of interest to purchase certain assets for cash and alternatively, purchase all of the outstanding shares of the Company. The Board of Directors of Copper Mesa has established a Special Committee of independent directors to oversee the review process and make recommendations to the Board. The Company emphasized that there can be no assurance that any transaction or other alternative will ultimately be completed.
About Copper Mesa Mining Corporation
Copper Mesa is a mineral exploration and development company focused on advancing into production its two key past-producing copper properties, the Zonia and Emerald Isle Mines in Arizona.