KOPR Point Announces Company Update
VANCOUVER—October 8, 2019— KOPR Point Ventures Inc. (CSE: KOPR / OTC: NPEZF / FSE: 4NP) (“KOPR Point” or the “Company”) would like to update shareholders on recent events and its overall corporate direction.
Initially, the Company announced that new management and the Board of Directors had unanimously agreed to focus overall corporate direction on latter stage copper and copper/gold assets, preferably containing silver of grades similar to the 2 ounces per ton indicated at Majuba Hill. Management was mandated to focus on projects located in safe, mining-friendly jurisdictions where government regulation is supportive of mining operations.
Management, through consultation with the Advisory Board, immediately initiated a corporate best practices and thorough asset review. Non-conforming or marginal assets were divested and a comprehensive review and search for appropriate assets was initiated. The Company has reviewed hundreds of assets and is very pleased with discussions and potential acquisitions to date. The Company would like to remind shareholders that appropriate and beneficial assets take time to review and acquire to shareholder benefit.
Mr. Greenway states:
“Global copper prices are at a level whereby we feel acquisitions and development of world class copper and copper/gold assets is paramount to shareholder appreciation! The Board, management and our strategic advisors all agree that global undersupply of copper will become obvious to investors through 2022 and continue to appreciate the underlying asset through 2027. Our focus on this asset class should result in a demonstrated value appreciation to shareholders. Our “stable” of high-quality copper-based assets will demonstrate our successful implementation of the strategy and recent confirmations of our belief in copper and world copper consumption and undersupply.”
The Company would also like to inform shareholders that samples from the Majuba Hill Project were sent for testing on the feasibility and application of a “Cement Copper” production process to the Majuba Hill exploration project. Successful completion and positive results of this testing would allow the Company to consider a surface-based bulk sampling program. Cement copper is an older well-established extraction method primarily used in high grade systems similar to Majuba. The benefit is a 90%+ concentrate with a fraction of the upfront capital costs.
Further, the Company has issued an aggregate of 1,400,000 incentive stock options (the “Options”) to officers, directors and consultants of the Company. The Options are exercisable at $0.10 per share for a period of one year from the date of grant. The Options have been granted under and are governed by the terms of the Company’s incentive stock option plan.
About KOPR Point Ventures Inc.
KOPR Point (CSE: KOPR / OTC: NPEZF / FSE: 4NP) is engaged in the identification, review and acquisition of latter stage copper and copper/gold assets. Management has been mandated to focus on safe, mining friendly jurisdictions and government regulations supportive of mining operations.
On Behalf of the Board of KOPR Point Ventures
President & CEO
310-221 West Esplanade
North Vancouver, BC
For further information, please contact:
E: [email protected]
P: (604) 318-0114