CHICAGO, ILLINOIS -- (Marketwired) -- 08/21/15 -- Anchor Bolt Capital, LP ("Anchor Bolt") has filed an early warning report dated August 21, 2015 advising of its control or direction over securities of Copper Mountain Mining Corporation (the "Issuer").
Since the filing of its most recent Alternative Monthly Report dated May 5, 2015, Anchor Bolt, acting as discretionary investment manager of Anchor Bolt Master Fund, LP, Anchor Bolt One, Ltd, Whitney Capital Series Fund LLC - Series LS18, and MAP 158 Segregated Portfolio (collectively, the "Funds"), acquired, on behalf of the Funds, an aggregate of 2,543,300 common shares (the "Common Shares") of the Issuer at an average price of approximately $1.00 per Common Share.
The Common Shares acquired by Anchor Bolt on behalf of the Funds represent approximately 2.14% of the Issuer's 118,795,427 issued and outstanding Common Shares as reported by the Issuer in its interim management's discussion and analysis dated August 10, 2015 (the "Issuer's Outstanding Shares"). Following completion of the transactions referenced above, Anchor Bolt, on behalf of the Funds, exercised control and direction over an aggregate of 20,951,000 Common Shares of the Issuer, representing approximately 17.64% of the Issuer's Outstanding Shares.
The Common Shares of the Issuer were acquired in the ordinary course of business over the facilities of the Toronto Stock Exchange, for investment purposes only. Depending on market conditions and other factors, Anchor Bolt, on behalf of the Funds and other investment funds and accounts managed by it, may in the future increase or decrease ownership, control or direction over the Common Shares of the Issuer, through market transactions, private agreements or otherwise.
This press release is issued pursuant to NI 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"), which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Issuer is a reporting issuer containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear under the SEDAR profile of the Issuer at www.sedar.com.
For additional information, or for a copy of the Early Warning Report filed in respect of the above transactions, please contact Anchor Bolt at 300 North LaSalle Street, Suite 1875 Chicago, IL 60654 U.S.A., attention: Sean Stephens or at 1-312-477-2700.
Contacts:
Anchor Bolt Capital, LP
Sean Stephens
1-312-477-2700
