Mr. Michael McPhie of Curis reports
CURIS ANNOUNCES C$7 MILLION PRIVATE PLACEMENT FINANCING
Curis Resources Ltd. has arranged a $7-million
non-brokered private placement financing, pursuant to which Curis will
issue 11,666,667 common shares in the capital of Curis at a
price of 60 cents per share, to existing shareholder Taseko Mines Ltd.
Taseko will then own 17 per cent of Curis's outstanding shares and
also retains information rights and a pro rata right to participate in
future financings subject to customary exceptions.
"This investment represents strong support and confidence by a major
Canadian mining company in the management and future prospects of
Curis, and our flagship Florence copper project. Taseko is a long-term
committed shareholder that will bring financial and technical strength
to the Curis team. The funding will allow Curis to advance Florence
copper through the final stage of project permitting for our first
phase of project development and also support the ongoing development
of the company," stated Michael McPhie, president and chief executive officer of Curis.
Proceeds from the private placement will be used to advance the
development of Curis's in situ copper recovery project in Florence,
Ariz. The private placement is subject to the approval of the
Toronto Stock Exchange and is targeted to complete in two tranches by
Jan. 2, 2014.
We seek Safe Harbor.
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