VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/13/14 -- (All dollar amounts are in Canadian dollars, except where noted otherwise)
Lumina Copper Corp. ("Lumina") (TSX VENTURE: LCC) is pleased to announce that its securityholders have voted overwhelmingly to approve the previously announced plan of arrangement (the "Arrangement") whereby First Quantum Minerals Ltd. ("First Quantum") will acquire all of the issued and outstanding securities of Lumina.
99.93% of the Lumina shares represented at Lumina's special meeting of securityholders held yesterday were voted in favour of the special resolution approving the Arrangement. In addition, 99.94% of the votes cast by Lumina shareholders and Lumina optionholders, voting together as a single class at the meeting, were voted in favour of the special resolution approving the Arrangement. Furthermore, 99.92% of the votes cast by Lumina shareholders, excluding insiders of Lumina receiving a collateral benefit in connection with the Arrangement, were voted in favour of the special resolution approving the Arrangement.
Lumina will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday August 15, 2014. Assuming receipt of court approval, Lumina expects the Arrangement to be effective on or about Tuesday, August 19, 2014.
Lumina securityholders with questions regarding the deposit of Lumina shares to the Arrangement can contact Computershare Investor Services Inc. at 1-800-564-6253 or by email at firstname.lastname@example.org.
Lumina is a Vancouver based copper exploration company that controls the Taca Taca copper, gold, and molybdenum project in Argentina. Lumina's common shares trade on the TSX Venture Exchange under the symbol LCC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary statement on forward-looking information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to granting of a final order approving the Arrangement by the Supreme Court of British Columbia and the Arrangement becoming effective.
Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Lumina's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Although management of Lumina believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. See Lumina's public filings with the Canadian securities administrators for information on risks, uncertainties and other factors relating to the forward-looking statements and information. Although Lumina has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actual results, performances, achievements or events not to be anticipated, estimated or intended. Also, many of the factors are not within Lumina's control. Accordingly, readers should not place undue reliance on forward-looking statements or information. Lumina does not undertake any obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information made herein are qualified by this cautionary statement.
Lumina Copper Corp.
David Strang, President & CEO
Tel: (604) 646-1880