Global Copper Corp. (Toronto:GLQ.TO ) announces that its shareholders have voted to approve the previously announced plan of arrangement under which Teck Cominco Limited (Toronto:TCK-A.TO)(Toronto:TCK-B.TO)(TCK ) 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 the Company’s Management Information Circular that was mailed to shareholders on June 26, 2008.

Global’s shareholders voted 99.9% in favour of approving the arrangement.

GLOBAL COPPER CORP.

David Strang, President & CEO

Contacts:
Global Copper Corp.
David Strang
President & CEO
(604) 687-0407 (ext. 103)
(604) 687-7041 (FAX)
Email: dstrang@globalcoppercorp.com

Source: Global Copper Corp.

This entry was posted by Gold Mining on Saturday, July 26th, 2008 at 8:57 pm and is filed under Copper, Mining Stock. Tags: Acquisition, Argentina, Chile, Cominco Limited, Company, Copper, David Strang, Global Copper Corp., INCO, Inco Limited, Lumina Copper Corp., Managem, Teck, Teck Cominco Limited, Toronto. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.