Lumina Copper Comments on Recent Share Price Movement and Provides Update on Strategic Review Process
28 May 2014 - 2:48AM
Marketwired
Lumina Copper Comments on Recent Share Price Movement and Provides
Update on Strategic Review Process
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2014) -
Lumina Copper Corp. (TSX-VENTURE:LCC) (the "Company" or "Lumina")
announced today, in response to trading activity that may stem from
market rumours, that its strategic review process that was
announced on June 15, 2012 remains ongoing. As part of that
process, the Company has examined a number of alternatives
including, but not limited to, joint ventures, strategic
partnerships, mergers, acquisitions, and the sale of the Company or
other corporate transactions to enhance shareholder value.
From time to time, this strategic process leads to third parties
conducting due diligence on Lumina and Lumina entering into
discussions with third parties regarding strategic alternatives.
There can be no assurance that any such current discussions will
ultimately lead to a transaction. As a general policy, Lumina does
not publicly comment on strategic discussions unless and until its
board of directors has approved a specific transaction or such
disclosure is otherwise appropriate. The Company intends to make no
further comment or release regarding current market rumours unless
and until such comment is warranted.
LUMINA COPPER CORP.
David Strang, President & CEO
CAUTION REGARDING FORWARD-LOOKING INFORMATION OR STATEMENTS:
This news release contains "forward-looking information" or
"forward-looking statements" within the meaning of applicable
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995, respectively.
Forward-looking statements include, but are not limited to,
statements with respect to management's assessment of its strategic
review process, current discussions with third parties, whether
such discussions ultimately lead to a transaction and whether such
any transaction will be fair to shareholders and in the best
interests of the Company. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, 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 unsatisfactory third
party due diligence on the Company and its properties, risks
related to international operations, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of copper, gold and molybdenum, future
currency exchange rate fluctuations, 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 information or statements, there may
be other factors that cause results to be materially different from
those anticipated, described, or intended. There can be no
assurance that any forward-looking information or 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 information or statements. The Company does not
undertake to update any forward-looking information or statements
that are set out in this news release, 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.
Lumina Copper Corp.David StrangPresident & CEO604
646-1880604 687-7041dstrang@luminacopper.com
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