Roman Copper Updates on Acquisition of Romania's Cupru Min
Apr 13, 2012 (Close-Up Media via COMTEX) --
Roman Copper Corporation announced the following information on the acquisition of Cupru Min under Romania's privatization program:
In a release dated April 10, the Company said Roman Copper took further steps to consolidate its winning bid in the tender to acquire Cupru Min.
Since Monday April 9, Roman Copper executives have asked to meet top Romanian government officials including Prime Minister Mihai Razvan Ungureanu and Minister of Economy Lucian Bode to clarify the circumstances and apparent misunderstandings that may have arisen from negotiations on the agreement to acquire Cupru Min on Friday, April 6.
Roman Copper attaches great importance to having an opportunity to explain to Bode and Ungureanu the circumstances of the latest negotiations, especially as Bode did not take part in them directly. Roman Copper feels such an opportunity is also critical to the success of one of the most important privatizations in Romania this year.
Roman Copper named Joel Hayes as its President in Romania with the purpose of overseeing the completion of the Cupru Min acquisition. Hayes has been a resident of Romania since 1995. While he was Chief Investment Officer of the Romanian-American Enterprise Fund, the fund successfully concluded four privatizations in the country.
In addition, Michael Williams, co-founder of McLeod-Williams Capital Corporation, a Vancouver-based mineral exploration company, has been named Chairman of Roman Copper's Board of Directors.
Stacy Quinney, a venture partnership expert in Eastern Europe, has been appointed as Executive Vice-President of Roman Copper.
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