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| | Wed Jan 21, 2009
Lumina Copper Announces New Director and Officers, Approves Option Plan and Grants Options
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| | News Release: 09-01
Vancouver, British Columbia - Lumina Copper Corp. (the "Company") is pleased to announce that the board of directors have appointed Donald Shumka as a director of the Company at its meeting on January 20, 2009. At the same meeting, Leo Hathaway and Marshall Koval were appointed as Vice President, Exploration and Vice President, Project Development, respectively.
The board of directors, and the TSX Venture Exchange, also approved a Stock Option Plan (the "Plan") for the Company, subject to the approval of its shareholders at its upcoming annual general and special meeting on February 19, 2009. The Plan reserves a total of 3,426,305 shares for issuance. Subsequent to approving the Plan, on January 20, 2009 the Company granted options to David Strang, President and Chief Executive Officer (50,000), Marshall Koval, Vice President, Project Development (50,000), Leo Hathaway, Vice President, Exploration (50,000), Robert Pirooz, Director and Secretary (50,000), Sandra Lim, Chief Financial Officer (50,000), Ross Cory, Director (30,000), John Wright, Director (30,000), and Donald Shumka, Director (30,000), each with an exercise price of $0.47.
LUMINA COPPER CORP
Signed: "David Strang"
David Strang, President & CEO
For further information contact:
David Strang, President & CEO
dstrang@luminacopper.com
T: + 604 646 1880
F: + 604 687 7041
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 the future price of gold, silver, copper and molybdenum, the timing of exploration activities, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Lumina Copper's commitment to, and plans for developing any of its projects. 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 state 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 Lumina Copper to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Company's projects, 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, silver, copper and molybdenum, as well as those factors discussed in the sections relating to risk factors of our business filed in Lumina Copper's required securities filings on SEDAR. Although Lumina Copper 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. Lumina Copper does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. |
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| | You can view the Next News Releases item: Fri Jan 22, 2010, Lumina Copper Files Amended Taca Taca Technical Report
You can view the Previous News Releases item: Thu Oct 9, 2008, Lumina Copper Reports a new Sulphide Inferred Mineral Resource Estimate for the Taca Taca Copper/Molybdenum/Gold Deposit -- 841 million tonnes grading 0.64% copper equivalent
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