Copperco Ltd - 14-Jan-05

Tuesday, 25 January, 2005 - 21:00

Intends to make an off market offer for all of the issued options in Universal Resources Ltd.  CopperCo understands that there are 29,356,789 options on issue to subscribe for fully  paid ordinary shares in Universal.  It is to offer 2 fully paid ordinary shares in CopperCo for every 3 Universal options.