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Canadian Copper Secures Approved Sale and Vesting Order for Its Caribou Complex Acquisition

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Canadian Copper (CCI.CN) on Tuesday said it received court approved for its acquisition of the Caribou Complex in New Brunswick.

The completion of the acquisition of the Caribou Process Plant and related property title transfer is now subject to customary exchange of closing documents and the satisfaction of certain closing conditions, among others, the company said.

"This transaction approval is well-timed as we are also on track to register our EIA permit next week and start the next chapter of Canadian Copper's development story," Chief Executive Simon Quick said in a release.

Shares of the company were last seen up C$0.02, or 3.4%, to C$0.60 on the Canadian Securities Exchange.

Price: $0.59, Change: $+0.01, Percent Change: +1.72%

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