Copper Mountain Mining closes US$20 million equity offering

On June 30, 2008, Copper Mountain Mining Corporation announced that it had closed the its previously announced public offering, raising gross proceeds of $20 million by way of issuing 9,523,808 units at a price of $2.10 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant of the Company, each whole warrant being transferable and exercisable to acquire one Share of the Company at an exercise price of $2.50 per Share until June 30, 2009. The Warrants will commence listing on the TSX Venture Exchange on Wednesday July 2, 2008 under the symbol CUM.WT. The distribution of the Shares and Warrants under the Offering was qualified by way of a long form prospectus. The Offering was conducted on an agency basis by Jennings Capital Inc. and Canaccord Capital Corporation. The agents were advised by Fasken Martineau with a team that included, among others, Chuck Higgins, Georald Ingborg, Andrew Gabrielson, Sarah Mamoser, Amanda MacAdams and Jennifer Armstrong.