Copper Mountain: Increase in Bought Deal Financing

Copper Mountain Mining Corporation (TSX:CUM) reported that the company has increased the size of its bought deal financing announced on April 5, 2010 to an aggregate of 9,850,000 common shares of the Company at a price of Cdn$3.05 per Share for gross proceeds of approximately Cdn$30.0 million.

The press release is quoted as saying:

Copper Mountain is a Canadian resource company managed by an experienced team of professionals with a solid track record of exploration and development success. The Company’s shares trade on the Toronto Stock Exchange under the symbol “CUM”. Copper Mountain owns 75% and Mitsubishi Materials Corporation owns 25% of the Copper Mountain Project.

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Click here to access Copper Mountain Corporate Site