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Published in Stocks and Investing on Tuesday, February 24th 2009 at 7:02 GMT, Last Modified on 2009-02-24 07:03:51 by Market Wire
SALT LAKE CITY--([ BUSINESS WIRE ])--Copper King Mining Corporation (Pink Sheets: CPRK) announced today that it will hold an invitation-only grand opening event in connection with the opening of its flotation mill located in Milford, Utah. A date for the grand opening has not yet been set, but management anticipates that it may be early March or soon thereafter; weather will play a key role. Management hopes that the cold weather will moderate some to further enhance the visit. The grand opening will include tours of the mill, along with food and refreshments. Individuals interested in attending the grand opening must pre-register with the company no later than February 28, 2009 by sending their names, addresses and telephone numbers to the company at: Copper King Mining Corporation, P.O. Box 492, Milford, Utah 84751, or by e-mail at [ wucc@scinternet.net ]. Invitations will be sent only to those individuals who pre-register.
Rocky Mountain power has energized the company-owned 7 mile power line to its flotation mill. However, Rocky Mountain continues to have some issues with "Harmonics" and until resolved will maintain locks on the Copper King side of the substation. Rocky Mountain has recommended that the line "Cook in" for at least two weeks prior to use. It is anticipated that the "Harmonics" issues will be resolved and the locks removed soon.
The company also announced that it in the final stages of updating its Web site, which management hopes to have operational this week.
This news release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements are based on the company's expectations, estimates and projections as of the date as of which such statements are made.This forward-looking information includes, among other things, statements with respect to the start-up of the company's mill, and the company's business strategy, plans, targets, expectations, capital costs, mineral prices, costs of production, prices, cash needs sources of cash for operations and personnel issues.Actual results, outcomes and timing may differ materially from what is discussed or anticipated.Factors that might affect the actual outcome include, but are not limited to, delays by vendors or suppliers, cost-overruns, uncertainties regarding the company's ability to obtain necessary electricity, surface rights, water rights and title for operating and development projects and project delays due to third party opposition,difficulties in having sufficient power delivered to the mill at a reasonable price, ability to hire and retain qualified employees and contractors, fluctuations in demand for the company's product, fluctuating mineral prices, uncertainties regarding production rates or capacities, uncertainties as to the ability of the company to obtain and retain or renew all necessary licenses, permits and other government authorization, uncertainties in obtaining additional financing that may result in delays or postponements, and uncertainties relating to future mineral prices.Although management believes the forward-looking statements are accurate as of the date they are made, management cannot guarantee future results or performance.
