Cooper Minerals
Agreement For Namura Finland
VANCOUVER, January 2, 2007 - The TSX Venture Exchange has accepted
for filing documentation in connection with a share purchase agreement
dated July 25, 2006, among Cooper Minerals Inc., Namura Finland Oy and the
shareholders of Namura (William McDowall, Frontier Asset Management Ltd.
and Elite Vantage Development Ltd.). Under the share purchase agreement
Cooper will acquire all of the issued and outstanding shares of Namura, a
private company incorporated in Finland. Namura currently holds 34 mineral
claim reservations over known uranium occurrences located in central and
northern Finland, each claim reservation covering approximately 900
hectares. Namura has also applied for eight exploration licences in the
Kouvervaara area, three claims reservations in the Kapusta/Hepo area and
one claim reservation at Kesankitunturi. Consideration payable by the
company to the vendors upon issuance of this bulletin is: (i) a total of
$335,000 in cash; and (ii) a total of six million shares. The vendors will
retain a 3-per-cent net smelter return of which the company will have the
right to purchase back up to 1.5 per cent for a purchase price of
$3-million.
Investors are welcome to contact Simon Tam, President, Cooper Minerals
Inc., at 604-871-9930 or email to info@cooperminerals.com.
On behalf of the Board of
Directors
Cooper Minerals Inc.
Simon Tam,
Director
ENGLISH