Copper Resources Corporation: Copper Resources Corporation ("CRC or the ... | Company Announcements

Tuesday 23 December, 2008

Copper Resources Corporation

Copper Resources Corporation ("CRC or the ...





LONDON, December 23 /PRNewswire/ --     Copper Resources Corporation notes the 
comments made by Central African
Mining & Exploration Company Plc ("CAMEC") in respect of CRC in CAMEC's
interim results announcement released on 19 December 2008.



    The Board of CRC categorically refutes the allegations that it acted
improperly and solely in the interests of Metorex Limited ("Metorex") when
passing the resolution to disenfranchise those shares held in the Company by
CAMEC and its concert parties. It would like to make it clear that it
considered and acted in the interests of all its shareholders and is also
happy to clarify that the relevant Board resolution to disenfranchise CAMEC's
shareholding was voted upon, and unanimously passed, by only those CRC
Directors who are not on the Board of Metorex.



    The Board of CRC would like to remind shareholders that CAMEC remains in
default in respect of its obligations under CRC's Articles of Association to
extend an offer to all other shareholders in CRC. Full details of CAMEC's
breach of its obligations were set out in CRC's announcement of 10 December
2008.



    
    Enquiries:

    Copper Resources Corporation
    Jeff Carel
    Company Secretary
    +27-(0)11-803-1073

    GTH Communications
    Toby Hall
    +44-(0)20-7153-8035

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