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Provider : Reuters Investment Profile
Provider : Directors Deals Ltd.

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Superior Copper Corp announces changes to management and board of directors and full subscription of private placement

Monday, 20 Jan 2014 02:01pm EST 

Superior Copper Corp:Says John Tait, who has agreed to join as President and Chief Executive Officer.Says Michael Leskovec, has agreed to join as Chief Financial Officer (CFO) and Secretary.Says in connection with the proposed management changes, Judy Baker will resign as CEO and director.Says Brian Howlett will resign as President and CFO, and will continue as a director.Says it also announces that the private placement of units (Units) for gross proceeds of $1,00,000 (the Offering) previously announced on Dec. 17, 2013, is fully subscribed.Says each Unit consists of one common share.Says each Warrant entitles the holder to purchase one Share for $0.06 for a period of 24 months following closing of the Offering.Says closing is expected after the shareholder approvals described in this press release are obtained.Says pursuant to the Offering, Northfield will acquire a total of 7,000,000 Units. 

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31 Aug 2015