Trading Symbol TSX V: GTC
VANCOUVER , Sept. 24, 2015 /CNW/ - John Lepinski, Managing Director of Getty Copper Inc. (TSXV: "GTC") today announced that the Company has entered into an agreement with Robak Industries Ltd., a company owned and controlled by John Lepinski a company director, whereby the Getty South property in which each of the Company and Robak owns a 50% interest, will be unitized with the balance of the Company's property in the Highland Valley adjacent to Teck Resources Inc., Highland Valley Copper mine and a former copper producer, Bethlehem Copper.
The parties have formed a holding company, Getty Mineral Holdings Ltd., to hold the unitized property and the Company will hold 82% of the shares and Robak 18% of the shares.
The ratio was agreed upon by using the reserve calculations on the Company's property and the portion of such reserves located on the Getty South deposit in relation to the reserves on the balance of the property based on the Pre‑Feasibility technical report filed on SEDAR on May 25, 2010.
The Company believes that unitizing the property will be beneficial to its potential development.
ON BEHALF OF THE BOARD OF DIRECTORS
John B. Lepinski
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SOURCE Getty Copper Inc.