TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - Copper One Inc. (TSX VENTURE:CUO) (the "Company" or "Copper One") is pleased to announce the appointment of Mr. Francois Laurin as Chief Financial Officer and Mr. Josh Van Deurzen as Corporate Secretary.
Mr. Laurin held senior management positions with several Canadian companies with international operations prior to joining Copper One. He served recently as Chief Financial Officer of Consolidated Thompson Iron Mines Ltd., which was acquired by Cliffs Natural Resources earlier this year for $4.9 billion. Mr. Laurin also has extensive experience in the transportation, telecommunication, media and private equity industries. He is currently a member of the board of directors of several non profit organizations and has been a director and member of board committees of both public and private companies. Mr. Laurin is a Chartered Accountant and a Chartered Financial Analyst, and holds a graduate diploma in Public Accountancy and a Bachelor of Commerce degree from McGill University.
Mr. Van Deurzen is a corporate and securities lawyer who works as a legal consultant to various public and private companies in the resource-based sectors. Previously, Mr. Van Deurzen practiced law at large law firms in New York and Toronto. Mr. Van Deurzen holds a Master of Business Administration and a Juris Doctor from the University of Toronto.
The appointments of Mr. Laurin and Mr. Van Deurzen follow the resignation of Mr. Herrick Lau as Chief Financial Officer and Corporate Secretary. The Corporation thanks Mr. Lau for his service.
Mr. Laurin and Mr. Van Deurzen have been granted 200,000 and 100,000 stock options of the Company, respectively, which may be exercised at a price of $0.35 per common share for a period of five years from the date hereof, and are subject to the approval of the TSX Venture Exchange.
About Copper One Inc.
Copper One is focused on developing high-value copper deposits in leading mining jurisdictions. The Company is led by a diverse team of explorers, developers and operators with major company experience and a clear understanding of the business of mining. The newest addition to Copper One's portfolio is the Riviere Dore copper-nickel project, located near Val d'Or, Quebec. Copper One has six other properties which are located in the Arizona and New Mexico copper mining districts, including the Lone Mountain copper oxide project.
For more information about Copper One Inc., please visit: www.copperone.com.
On behalf of the board of directors of Copper One Inc.
Benoit Moreau , President & Chief Executive Officer
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the impact of the appointments on the Company. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Copper One Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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.