Superior Copper Acquires Interest in Jogran Porphyry, Northern Ontario; Shares Off 7%

By Midnight Trader,  December 03, 2012, 03:55:44 PM EDT

Superior Copper Corporation (SPC.V) said it has entered into an agreement to acquire a 50% interest in the Jogran Porphyry located in Ryan Townships near Batchawana Bay, approximately 80 kilometres north of Sault Ste. Marie, Ontario, subject to regulatory approval.

Superior Copper will acquire Jim Ralph's 50% interest in the project by issuing 670,000 shares to the vendor.

The Jogran Porphyry Property covers one unpatented mineral claim with an area of 128 hectares.

SPC shares fell half-a-cent to $0.07 on volume of nearly 353,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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