LCC

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Lumina Copper Corp. (TSX VENTURE:LCC) (the "Company") is pleased to announce
that it has today entered into an agreement with Raymond James Ltd. pursuant to
which Raymond James Ltd. and a syndicate of underwriters, including Scotia
Capital Inc., Canaccord Genuity Corp. and Laurentian Bank Securities Inc.
(collectively, the "Underwriters") have agreed to buy on an underwritten private
placement basis 1,500,000 common shares from the Company at a price of C$10.00
per common share (the "Brokered Placement"). 


The Company also intends to issue, via a non-brokered private placement on the
same terms as the Brokered Placement, up to 1,500,000 common shares (the
"Non-Brokered Placement"). It is currently contemplated that Lumina Capital
Limited Partnership will purchase up to 1,000,000 common shares as part of the
Non-Brokered Placement, and that insiders intend to participate for a portion of
the Non-Brokered Placement. Finder's fees may be payable on a portion of the
Non-Brokered Placement. 


Closing of the two placements is expected to occur on or about December 8, 2011
and is subject to regulatory approvals. The closing of the two placements is not
conditional on each other, and may occur separately. 


The net proceeds from the placements will be used to fund advancement of the
Company's Taca Taca project, and for general corporate purposes. 


The Brokered Placement is being made in all provinces of Canada and in the
United States in accordance with certain exemptions under the U.S. Securities
Act of 1933, as amended, and such other jurisdictions as may be agreed between
the Company and the Underwriters, and is subject to the approval of regulatory
authorities. The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any State in which such offer, solicitation or sale would be unlawful.


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 the expected closing date of the financing, and plans
for developing any of its projects including its intention on the use of the
funds raised in the announced financing. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"is expected" or variations of such words and phrases or state that certain
actions, events or results "will occur". 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 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 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. Global Copper does not undertake to
update any forward-looking statements that are incorporated by reference herein,
except in accordance with applicable securities laws.

(TSXV:LCC)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

(TSXV:LCC)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024