McEwen Copper is a subsidiary of McEwen Mining and the owner of the Los Azules Project in Argentina as well as the Elder Creek Properties in Nevada. McEwen Copper intends to pursue an initial public listing within 12 months from the closing of this Offering. Proceeds from the Offering will be used exclusively by McEwen Copper to advance the Los Azules project to a pre-feasibility study, construction of a new year-round access road to the project, exploration drilling at Los Azules and Elder Creek, environmental permitting and community relations, and general corporate purposes.