HudBay Minerals Makes Investment in Copper Reef Mining Corporation

HudBay Minerals Inc. (TSX:HBM,NYSE:HBM) enters into a subscription agreement with Copper Reef Mining Corporation (CNSX:CZC) providing for the sale to HudBay on a private placement basis of 7,000,000 units.

The press release is quoted as saying:

Each Unit consists of one common share of Copper Reef (a “Share”) issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and one Share purchase warrant of Copper Reef (a “Warrant”).

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