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Gold/Mining/Energy : Mining News of Note
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To: LoneClone who wrote (21857)6/20/2008 10:04:14 AM
From: LoneClone  Read Replies (1) of 192974
 
Global Copper Corp. Announces Definitive Agreement with Teck Cominco Limited
Friday June 20, 9:00 am ET

ca.us.biz.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 20, 2008 -- Global Copper Corp. ("Global") (Toronto:GLQ.TO - News) is pleased to announce that it has executed a definitive agreement whereby Teck Cominco Limited ("Teck") (Toronto:TCK-A.TO - News)(Toronto:TCK-B.TO - News)(NYSE:TCK - News) 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.

About Global

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.

Contact:

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


Source: Global Copper Corp.
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