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Cooper Minerals Inc V.CQ



TSXV:CQ - Post by User

Post by bababasheep88on Jan 29, 2009 9:38am
432 Views
Post# 15736374

Cooper is working

Cooper is working

December 22, 2008

Cooper Minerals Acquires 10% Interest In Mexican Mining Claims

TheTSX Venture Exchange has accepted for filing documentation inconnection with a joint venture agreement among Cooper Minerals Inc.and Rochester Resources Ltd. dated Nov. 20, 2008, to acquire anundivided 10-per-cent equity interest in the capital stock of Mina RealMexico SA de CV, a private company incorporated in Mexico which iswholly owned by Rochester. Mina Real currently holds certain miningconcessions and claims covering 20,662.42 hectares (the Mina Realproperty) located in Tepic, Mexico. In addition, Mina Real holds a70-per-cent equity interest in Compania Minera Santa Fe SA de CV, whichholds certain mining concessions and claims (the Santa Fe property)located in Tepic, Mexico. Under the agreement, Cooper Minerals mustmake a cash payment of $1,475,000 to Rochester and subscribe for 3.5million common shares of Rochester at a price of 15 cents per commonshare at a cost of $525,000 (of which subscription $250,000 has beencompleted).

For further information, see the filingstatement of the company dated Dec. 19, 2008, which is available underthe company's profile on SEDAR.

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