VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 5, 2013) - Cornerstone Metals Inc. (TSX VENTURE:CCC) ("Cornerstone" or the "Company") held its Annual General and Special Meeting of Shareholders (the "AGM") on December 2, 2013, at which the following directors were re-elected for the ensuing year - Paul Cowley, Jason Nickel, Courtney Shearer, and Fred Sveinson. Following the AGM, the board of directors appointed Paul [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2013) - Cornerstone Metals Inc. (TSX VENTURE:CCC) ("Cornerstone" or the "Company") announces that it will hold an annual general and special meeting of its shareholders (the "AGM") on December 2, 2013. The Company also announces the approval by its board of directors of an Advance Notice Policy (the "Policy"), which Policy, among other things, includes a provision that [...]
Cornerstone Metals is pleased to announce that it has entered into a securities exchange agreement with Global Resources Investment Ltd., an arm's length party to the Company. On completion of this transaction, the Company will exchange units of the Company for ordinary shares of GRIT. Thereafter, Cornerstone will, at its election, sell the GRIT shares through the facilities of the London Stock Exchange to realize [...]
Cornerstone Metals is pleased to announce that it has now completed the acquisition of all of the issued and outstanding shares of Copper One USA from Copper One, as described in previous news releases. Through its acquisition of CO USA, the Company has acquired the Lone Mountain property, New Mexico, together with five other properties: West Jerome; Twin Peaks, West Safford and Teague Springs in Arizona and Mimbres in [...]
Cornerstone Metals Further to its news releases of March 21st and May 14th 2013, it is pleased to announce that it has entered into the definitive agreement with Copper One Inc. to acquire all of the shares of Copper One's U.S. subsidiary, Copper One USA, which holds 6 properties located in Southwest United States, with the principal property being Lone Mountain, New Mexico.
The other properties are West Jerome; Teague [...]
Cornerstone Metals announces that the temporary suspension of trading of the Company's shares, as required by the TSXV pending receipt and review by the TSXV of acceptable documentation in connection with the Company's proposed acquisition of Copper One USA, has been lifted. The Company has now completed a satisfactory due diligence investigation and is working on finalizing a Share Exchange Agreement with Copper One Inc [...]
Cornerstone Metals announces that further to its news release of March 21, 2013, it has signed amendments to its letter of intent ("LOI") to acquire all of the shares of Copper One USA, Inc., pursuant to which: the Company agreed to issue to the vendor an additional 750,000 shares on closing in recognition of the existing financial assurances that are in place (totalling approximately US$250,000); and
Cornerstone Metals is pleased to announce that it has signed a letter of intent to acquire all of the shares of Copper One USA, a private company that holds 6 copper properties located in New Mexico and Arizona, with the principal property being Lone Mountain, NM. The LOI is subject to due diligence, which the Company will commence immediately, while it proceeds to finalize a definitive agreement to be executed upon [...]
Cornerstone Metals, announces that it has re-priced 187,000 outstanding incentive stock options of the Company from exercise prices ranging between $0.70 and $1.50 to $0.12. The options are held by insiders and expire from dates ranging from November 14, 2013 to March 22, 2015. The options are held as follows:
Cornerstone Metals is pleased to announce that, further to its news releases of October 15, 2012, October 26, 2012, and November 20, 2012, it has closed the second tranche of a non-brokered private placement offering and issued 880,000 units of the Company at a purchase price of $0.125 per Unit for gross proceeds of $110,000. Each Unit consists of one (1) common share in the capital of the Company ("Common Share") and one [...]
Cornerstone Metals is pleased to announce that further to its press releases dated October 15, 2012 and October 25, 2012, it has completed the first tranche of its non-brokered private placement. Pursuant to the first tranche of the Private Placement, the Corporation issued 897,000 units of the Corporation at a purchase price of $0.125 per Unit for gross proceeds of $112,125. Each Unit consists of one (1) common share in [...]
Cornerstone Metals announces it has amended a private placement previously announced on October 15, 2012 to increase the number of units offered to up to 2,000,000 units, priced at $0.125 per unit, for total gross proceeds of up to $250,000, subject to TSX Venture Exchange approval. Commissions may be paid in accordance with TSX Venture Exchange policies. Each unit will be comprised of one common share and one warrant [...]
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