Announcement • Jun 29
Gunnison Copper Corp Announces Executive Changes Gunnison Copper Corp. announced the appointment of Bjorn Meyer as Chief Operating Officer, further strengthening the Company's leadership team as it advanced production at Johnson Camp Mine and accelerated Gunnison Copper Project development. Mr. Meyer succeeded Mr. Robert Winton, who played an important role in advancing the Johnson Camp Mine through construction, commissioning, and into production over a more than five-year tenure with the Company. Mr. Meyer brought more than 20 years of Arizona mining experience with a strong track record of operational leadership, mine development, engineering, project execution, and continuous improvement across large-scale copper operations in Arizona. Most recently, Mr. Meyer served as President of Cripple Creek & Victor Mining Company, an SSR Mining operation, where he led the integration of the newly acquired asset, developed a long-term growth strategy, and established a high-performance operating culture. Prior to that, he served as Vice President of Operations and Executive Director of Innovation and Growth at Panasonic Energy Corporation North America, overseeing the launch of a USD 5.5 billion battery manufacturing facility. Previously, during a 20-year career with ASARCO, including more than a decade as General Mine Manager of the Mission Complex, Mr. Meyer held senior leadership roles overseeing large-scale copper mining and processing operations, engineering, innovation, and operational excellence. In his role as Chief Operating Officer, Mr. Meyer will oversee the Company's operating activities, including Johnson Camp Mine, and contributed his expertise to accelerating the Gunnison Copper Project. New Risk • Jun 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$55m). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Announcement • Jun 03
Gunnison Copper Corp. has completed a Follow-on Equity Offering in the amount of CAD 30.0006 million. Gunnison Copper Corp. has completed a Follow-on Equity Offering in the amount of CAD 30.0006 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 71,430,000
Price\Range: CAD 0.42
Discount Per Security: CAD 0.0252