Superior Copper Acquires the Pall Mall Property
June 20 2012 - 6:15AM
PR Newswire (Canada)
TSX-V Symbol: SPC Shares Outstanding: 61,904,269 TORONTO,
June 22, 2012 /CNW/ - Superior Copper Corporation has entered into
an agreement to acquire the Pall Mall Property located in Ryan
Townships near Batchawana Bay, approximately 80 kilometres north of
Sault Ste. Marie, Ontario; subject to regulatory approval.
Superior Copper will acquire a 100% interest in the project by
issuing 750,000 shares to the vendors; George Lucuik, Dan Shelly
and Jim Ralph. The Pall Mall Property covers 3 unpatented mineral
claims over 176 hectares on the south border of the Batchawana
Copper Project within the Keweenawan Group of the Proterozoic
Southern Province of the Canadian Shield. Superior Copper
Corporation Superior Copper Corporation is a Canadian-based
exploration company focused on base and precious metal exploration.
The Company's primary objective is to target highly prospective and
underexplored mineral properties, particularly copper, in order to
meet the increasing global demand. The Company has two key
exploration projects; the Batchawana Copper Project and the Rivière
Doré Project in Quebec. CAUTIONARY STATEMENT: Neither TSXV nor its
Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release. This News Release includes certain
"forward-looking statements". These statements are based on
information currently available to the Company and the Company
provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of
the Company's mineral properties, and the Company's financial
condition and prospects, could differ materially from those
currently anticipated in such statements for many reasons such as:
changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals;
litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological
and operational difficulties encountered in connection with the
activities of the Company; and other matters discussed in this news
release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other
factors should be considered carefully and readers should not place
undue reliance on the Company's forward-looking statements. The
Company does not undertake to update any forward-looking statement
that may be made from time to time by the Company or on its behalf,
except in accordance with applicable securities laws. Please see
our public filings at www.sedar.com for further information.
Superior Copper Corporation CONTACT: Superior CopperJudy Baker,
President & CEOTel: 416.479.0893 Ext 401Email:
jbaker@superiorcopper.caWeb site: www.superiorcopper.ca
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