Norsemont Mining ponders 'unsolicited expressions of interest'

Norsemont Mining Inc. (TSX: NOM.TO) disclosed Wednesday that its board has set up a special committee to deal with "recent unsolicited expressions of interest to acquire the company."

Norsemont, whose main asset is the Constancia copper-molybdenum-gold-silver deposit in southern Peru, cautioned that "there is no assurance that any specific proposal will arise."

It gave no details and added that no timetable has been set for any transaction.

The Constancia site has an estimated resource of 2.85 billion pounds of copper, plus an inferred resource of 1.1 billion pounds. A scoping study projects annual production of 90,000 tonnes of copper.

Norsemont shares gained 13.5 per cent in early TSX trading after Wednesday's announcement, gaining 23 cents to $1.93, with a 52-week high and low of $4.41 and $1.07.