Montrusco Bolton Investments Inc. Urges Shareholders to Help Improve Corporate Governance and Shareholder Returns at Copper Mountain Mining Corp.

MONTREAL, June 8, 2015 /CNW Telbec/ - Montrusco Bolton Investments Inc. ("MBI") confirmed today that it requested the addition of six items to the agenda (the "Proposals") of the next annual general meeting of shareholders ("AGM") of Copper Mountain Mining Corp. ("Copper Mountain" or the "Company") to be held in Vancouver on June 18, 2015.

Upon analysing Copper Mountain's corporate governance practices, Montrusco Bolton found a number of shortcomings in the 2014 management proxy circular when compared with similar companies in the same sector. Montrusco Bolton has had several discussions with the Company's board members. Given the mixed results of our discussion with the said board members, Monstrusco Bolton has decided to proceed and present six proposals to Copper Mountain's shareholders.

These proposals aim to improve corporate governance and ultimately future shareholder returns at the Company. MBI believes that these measures are essential preliminary steps to ensure that Copper Mountain's business fundamentals do not deteriorate further.

The Proposals are:

  1. Lead Director Proposal
  2. Annual Advisory Shareholder Vote on Executive Compensation ("Say on Pay")
  3. Clawback Provision
  4. Disclosure of KPIs used to assess Performance-Based Portion of NEO Compensation
  5. Prevalent use shareholder-aligned KPIs to assess performance-based portion of executive compensation
  6. The Dilution Safeguard Proposal

The full text of today's MBI press release, including detailed support of the Proposals, is available at www.montruscobolton.com under section Publications/Press Releases/ Corporate Governance - Montrusco Bolton Investments Inc. Urges Shareholders to Help Improve Corporate Governance and Shareholder Returns at Copper Mountain Mining Corp.

In regards to our analysis, we believe that the Company has failed to cope with challenges that have negatively impacted its earnings and overall financial results. Shareholders have suffered from equity dilution, depressed earnings, dismal ROE, and poor share price performance.

 

SOURCE Montrusco Bolton Investments Inc.

For further information: Christian Godin, Senior Vice-President, Head of Equities, Montrusco Bolton Investments Inc., (514) 282-2915, godinc@montruscobolton.com; John Goldsmith, Vice President, Deputy Head of Equities, Montrusco Bolton Investments Inc., (416) 304-3931, goldsmithj@montruscobolton.com

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