News: CYY Coventry Resources seeks trading halt, page-27

The copper grades at Caribou Dome are fantastic. The problem has always been the resource size is too small to mine economically. The way I see it the directors either had the choice of dumping the project or expanding its resource size to justify the capex required to build a mine. I'm glad they chose the latter. If the whole $10M is raised in this market we have a cashed up copper explorer with huge potential to dramatically increase resource size from Vista tenements. Furthermore, the importance of Vista management, who come with this deal cannot be underestimated.