Global Copper shareholders approve Teck Cominco transaction

Teck Cominco Limited, a diversified mining company, headquartered in Vancouver, Canada, has announced that shareholders of Global Copper Corp. have approved the previously announced plan of arrangement under which Teck Cominco will acquire all of the shares of Global.

The principal asset of the Global Copper Corp. is the Relincho copper 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.