Lumina Copper Corp. Announces Definitive Arrangement Agreement with Lumina Royalty Corp.
10 Mai 2011 - 2:30PM
Marketwired
Lumina Copper Corp. ("Lumina Copper") (TSX VENTURE: LCC) is pleased
to announce that it has executed a definitive arrangement agreement
whereby the business of Lumina Copper will be reorganized into two
companies, Lumina Copper and Lumina Royalty Corp. ("Lumina
Royalty") by way of a plan of arrangement under the Business
Corporations Act (British Columbia). The details of the
reorganization are set out in Lumina Copper's news release dated
March 24, 2011, which is available on Lumina Copper's website at
www.luminacopper.com and on SEDAR.
Lumina Copper has also received approval from the Supreme Court
of British Columbia to call a shareholder meeting to approve the
transaction. The meeting will be held on June 7, 2011 at 2:00 p.m.
at the Metropolitan Hotel, 645 Howe Street, Vancouver, British
Columbia. An information circular containing details on the
transaction is expected to be mailed shortly.
LUMINA COPPER CORP
David Strang, President & CEO
CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release
contains "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to the future price of gold, copper and molybdenum, the timing of
exploration activities, the estimation of mineral reserves and
mineral resources, the results of drilling, estimated future
capital and operating costs, future stripping ratios, projected
mineral recovery rates and Lumina Copper's commitment to, and plans
for developing any of its projects. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "can", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Lumina Copper to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to the exploration and potential development of the
Company's projects, risks related to international operations, the
actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, copper and
molybdenum, as well as those factors discussed in the sections
relating to risk factors of our business filed in Lumina Copper's
required securities filings on SEDAR. Although Lumina Copper has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated,
described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. Lumina Copper does not undertake to
update any forward-looking statements that are incorporated by
reference herein, except in accordance with applicable securities
laws.
Contacts: Lumina Copper Corp. David Strang President & CEO +
604 646 1880 + 604 687 7041 (FAX) dstrang@luminacopper.com
www.luminacopper.com
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