January 28, 2015 11:26 AM ET

Capital Markets

Company Overview of Cupric Canyon Capital, LLC

Company Overview

Cupric Canyon Capital, LLC is a venture capital firm which seeks to invest in early stage undeveloped copper assets. It seeks to invest in Africa. The firm typically exits through a sale or IPO. Cupric Canyon Capital, LLC is based in Scottsdale, Arizona.

7373 East Doubletree Ranch Road

Suite 200

Scottsdale, AZ 85258

United States



Key Executives for Cupric Canyon Capital, LLC

Chief Executive Officer
Chief Financial Officer
Age: 56
Chief Operating Officer
Chief Executive
Compensation as of Fiscal Year 2014.

Cupric Canyon Capital, LLC Key Developments

Discovery In Exclusive Discussions To Sell Its Boseto Copper Operation To Cupric Canyon Capital

Discovery Metals Ltd. (ASX:DML) said that it is engaged in exclusive discussions with Cupric Canyon Capital, LLC in relation to a potential sale by Discovery Metals of its Boseto Copper Operation to Cupric. Discovery Metals said, "The Company has entered into a $5 million short term working capital facility (the Facility) with Cupric. A condition to the Facility agreement grants Cupric a period of exclusivity to allow it to complete due diligence, and to allow time for both DML and Cupric to finalize and agree definitive terms of the potential Transaction." The exclusivity period extends until the earlier of the execution of a legally binding sale and purchase agreement with Cupric, and January 31, 2015. The Facility has a final termination date of August 31, 2015. Ironstone Capital are acting as advisor to DML in relation to this transaction.

Cupric Canyon Reportedly Eyes Discovery Metals

Cupric Canyon Capital, LLC is reportedly at the pole position to make a takeover bid for Discovery Metals Ltd. (ASX:DML). Discovery Metals has been running a competitive sale process since May 2013 and the closing date for the receipt of binding proposals under the sale process was June 10, 2013. As on July 31, 2013, Discovery said it is in discussions with a number of parties about a change of control.

Cupric Canyon Capital, LLC Appoints Samuel Rasmussen as Chief Executive to Oversee Development of Projects in Southwestern Africa

Cupric Canyon Capital, LLC announce the addition of Samuel Rasmussen to its management team as the company gears up for development of its newly-acquired assets in Botswana and Namibia. Samuel joins the company as its chief executive in charge of development projects in Africa. Most recently Samuel, serving as general manager of the Los Bronces copper mine and process facilities in Chile.

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