Aug 15 (Reuters) - Lowell Copper Ltd JDL.V
* Lowell Copper, Gold Mountain Mining and Anthem United announce a proposed combination to create a new multi-asset gold and copper company
* Upon completion of transaction, Greg Smith, currently chief executive officer of Anthem, will assume that role for combined company
* Upon completion of transaction, Gold Mountain and Anthem will become wholly-owned subsidiaries of Lowell
* Lowell Copper Ltd says Lowell Copper will undertake a private placement financing of subscription receipts for gross proceeds of up to CDN$40 million
* Shareholders of Gold Mountain will receive 1.032 pre-consolidated common shares of co for each common share of Gold Mountain held
* Shareholders of Anthem will receive 0.774 of a pre-consolidated common share of Lowell Copper for each common share of Anthem held Source text for Eikon: Further company coverage: JDL.V