Lumina Copper Announces Strategic Review Process
June 15 2012 - 8:30AM
Marketwired
Lumina Copper Corp. (TSX VENTURE:LCC) (the "Company") announces
that its Board of Directors has initiated a strategic review
process to consider a range of strategic alternatives that have
presented themselves to the Company, with a view to enhancing
shareholder value. Strategic alternatives may include, but are not
limited to, the sale of all or a portion of the Company's assets,
the outright sale of the Company, a merger or other business
combination transaction involving a third party, a joint venture,
as well as continued execution of the Company's existing business
plan, or any combination thereof.
A special committee ("Special Committee"), consisting of
independent directors, Ross Cory, Donald Shumka, and John Wright,
has been appointed to oversee the strategic review process.
It is the Company's current intention not to disclose
developments with respect to the strategic review process unless
and until the Board of Directors has approved a specific
transaction or otherwise determines that disclosure is necessary or
appropriate. The Company cautions that there are no assurances or
guarantees that the process will result in a transaction or, if a
transaction is undertaken, as to the terms or timing of such
transaction.
LUMINA COPPER CORP.
David Strang, President & CEO
CAUTION REGARDING FORWARD-LOOKING STATEMENTS: This news release
contains "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to management's assessment of future plans regarding the strategic
review process, and the Company's commitment to, and plans for
developing the Taca Taca project. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "can", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to general economic conditions, political conditions in
Canada and Argentina, risks related to international operations,
the actual results of current exploration activities, conclusions
of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, copper and
molybdenum, as well as those factors discussed in the sections
relating to risk factors of our business filed in the Company's
required securities filings on SEDAR. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated,
described, estimated, assessed or intended. There can be no
assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. The Company does not undertake to update any
forward-looking statements that are incorporated by reference
herein, except in accordance with applicable securities laws.
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.
Contacts: Lumina Copper Corp. David Strang President & CEO
604 646 1870 604 687 7041 (FAX)dstrang@luminacopper.com
www.luminacopper.com