Global Copper Corp. Announces Court Approval for Arrangement With Teck Cominco Limitedadmin
Global Copper Corp. announces that the Supreme Court of British Columbia has approved the previously announced shareholder approved plan of arrangement under which Teck Cominco Limited will, if the arrangement is completed, acquire all of the shares of Global. Global’s principal asset is the Relincho project in Chile. Substantially all of Global’s other assets, including Global’s interest in the Taca Taca and San Jorge properties in Argentina, a specified amount in cash and a 1.5% net smelter return royalty in respect of the Relincho project will be transferred to Lumina Copper Corp., the shares of which are to be distributed to Global shareholders under the arrangement dated June 17, 2008. Details concerning the arrangement can be found in Global’s management information circular that was mailed to shareholders on June 26, 2008.
Contacts: Global Copper Corp. David Strang President & CEO (604) 687-0407 (ext. 103) (604) 687-7041 (FAX)
Source: Global Copper Corp.