Copper Mesa Mining Corp. said on Thursday it was reviewing its strategic alternatives after receiving an approach from a possible buyer for the company.
The company said the review was "precipitated by the receipt of expressions of interest to purchase certain assets for cash and alternatively, purchase all of the outstanding shares of the company" and has hired Desjardins Securities as financial adviser. It has also established a special committee of independent directors to oversee the review process and make recommendations to the board.
Copper Mesa is a mineral exploration and development company with two key past-producing copper properties, the Zonia and Emerald Isle Mines in Arizona.
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