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Re: News Releases - Friday, June 20, 2008
Global Copper Corp Announces Definitive Agreement with Teck
Cominco Limited
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NR-08-07
Vancouver, British Columbia - Global Copper Corp. ("Global") (TSX:GLQ)
is pleased to announce that it has executed a definitive agreement
whereby Teck Cominco Limited ("Teck") (TSX:TCK.A and TCK.B; NYSE:TCK)
is to acquire Global by way of a Plan of Arrangement under the Business
Corporations Act (British Columbia). The terms of the agreement were
outlined in a news release dated April 14, 2008 which can be found on
Global's website (www.globalcoppercorp.com) or on SEDAR
(www.sedar.com).
Global has also called a shareholder meeting to approve the
transaction. The meeting will be held on July 25, 2008 at 10:00 a.m.
at the Metropolitan Hotel, 625 Howe Street, Vancouver, British
Columbia. An information circular containing details on the
transaction and information on how Global shareholders may receive the
consideration for their shares is expected to be mailed shortly.
Global is a Vancouver and Santiago based copper exploration company
that controls the Relincho copper/molybdenum project in Chile, and the
Taca Taca and San Jorge copper/gold projects in
Argentina. Global's
shares trade on the Toronto Stock Exchange under the symbol GLQ.
Global Copper Corp.
David Strang
President & CEO
1-604-687-0407 (ext. 103)
dstrang@globalcoppercorp.com
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Copyright (c) 2008 GLOBAL COPPER CORP. (GLQ) All rights reserved. For
more information visit our website at http://www.globalcoppercorp.com/
or send mailto:info@globalcoppercorp.com
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Global Copper Corporation
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EXPLORATION STAGE |
CODE : GLQ.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Global Copper Corp. is a copper development stage company based in Canada. Its main exploration properties are RELINCHO and VIZCACHITAS in Chile and TACA TACA in Argentina. Global Copper Corp. is listed in Canada and in United States of America. Its market capitalisation is CA$ 417.5 millions as of today (US$ 345.7 millions, € 227.0 millions). Its stock quote reached its lowest recent point on December 29, 2006 at CA$ 1.05, and its highest recent level on August 07, 2008 at CA$ 14.08. Global Copper Corp. has 29 654 949 shares outstanding. |