Copper Canyon and NovaGold Agree to Delay British Columbia Securities Commission Hearing
03 March 2011 - 11:06AM
Marketwired
Copper Canyon Resources Ltd. ("Copper Canyon" or the "Company")
(TSX VENTURE: CPY) and NovaGold Resources Inc. ("NovaGold") have
agreed to reschedule the hearing at the British Columbia Securities
Commission ("BCSC") originally scheduled for Friday, March 4, 2011.
NovaGold has applied to the BCSC seeking to cease trade Copper
Canyon's shareholders rights plan. Copper Canyon has applied to the
BCSC seeking to cease trade NovaGold's hostile take-over bid. The
BCSC hearing has been reset for hearing on Thursday, March 10,
2011.
About Copper Canyon
Copper Canyon Resources was created by way of a Plan of
Arrangement on June 9, 2006. Shareholders of Eagle Plains Resources
Ltd. (TSX VENTURE: EPL) approved the plan to reorganize the
company's mineral property assets in an effort to maximize
shareholder value. Under the terms of the arrangement, three of
Eagle Plain's projects: Copper Canyon, Severance and Abo (Harrison)
Gold, were transferred into Copper Canyon.
On behalf of the Board of Directors
Tim J. Termuende, President and CEO
This news release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Copper Canyon Resources Ltd. Mike Labach 1 866 HUNT
ORE (486 8673) mgl@copcanyon.com www.copcanyon.com
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