Copper Development Corporation (AIM:CDC) announces a share repurchase program. Under the offer, the company will repurchase up to 230,410,169 shares, representing 100% of its share capital for a total of $14.05 million. The shares will be repurchased at a price of $0.061 per share.

The repurchased shares will be cancelled. Eligible shareholders may either tender some, or all or none of their ordinary shares. The offer will be funded in cash entirely from the company's own resources.

The offer will begin on October 29, 2013 and continue till November 22, 2013. Computershare Investor Services PLC of The Pavilions will be acted as a broker to the company.