07:02:44 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Copper North Mining Corp (2)
Symbol COL
Shares Issued 85,900,413
Close 2020-06-17 C$ 0.045
Market Cap C$ 3,865,519
Recent Sedar Documents

Copper North appoints Cumming CEO, settles with Ramsey

2020-06-19 17:47 ET - News Release

Mr. John Cumming reports

COPPER NORTH MINING MAKES BOARD AND EXECUTIVE CHANGES

Copper North Mining Corp. has provided the following updates.

Changes to board of directors and executive suite

Copper North director John Cumming has been appointed president and chief executive officer effective immediately. Mr. Cumming is currently president and CEO of Stellar AfricaGold Inc. and previously served as executive vice-president and chief financial officer of Merrex Gold Inc.

Doug Ramsey has resigned as a director and officer. Mr. Ramsey served as a director of Copper North since June, 2019, as vice-president of sustainability and environmental affairs from February, 2012, to Dec. 31, 2018, and as president and CEO from January, 2019. The directors thank Mr. Ramsey for his contribution to Copper North and wish him well in his future endeavours.

Settlement agreement

Copper North has reached a settlement agreement with Mr. Ramsey which resolves all of his outstanding claims for unpaid wages, severance and unpaid expenses. The settlement amount of $880,957 will be due and payable on June 19, 2025, with provisions for earlier payment or shares-for-debt settlement under certain conditions and subject to TSX Venture Exchange approvals as may be required.

About Copper North Mining Corp.

Copper North is a Canadian exploration and development company focused on the 100-per-cent-owned Carmacks copper-gold-silver project located in the Carmacks copper district in the central Yukon Territory of Canada. The Carmacks district is a 180-kilometre-long-by-60-kilometre-wide belt of intrusion-related copper-gold-silver deposits including Pembridge Resources' Minto mine, Granite Creek's Stu project and Copper North's Carmacks project.

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