LUMINA COPPER CORP. ("LCC")
BULLETIN TYPE: Plan of Arrangement-Delist
BULLETIN DATE: August 20, 2014
TSX Venture Tier 1 Company
Pursuant to special resolutions passed by the shareholders of Lumina Copper Corp. ('Lumina') on August 12, 2014; Lumina and First Quantum Minerals Ltd. ('First Quantum') have completed a plan of arrangement ("Arrangement") under the Business Corporations Act (British Columbia). The Plan of Arrangement has been completed on August 19, 2014, and has resulted in First Quantum having acquired 42,924,001 common shares of Lumina representing 94.5% of the issued and outstanding common shares of Lumina, being all of the common shares of Lumina not owned by first Quantum prior to the Arrangement.
Under the terms of the Arrangement, former Lumina securityholders who elected the full proration option received $5.00 in cash and 0.2174 of a First Quantum common share in respect of each of their Lumina common shares. Former Lumina securityholders who elected the First Quantum share option received approximately 0.2724 First Quantum common shares and approximately $3.74 in cash for each of their Lumina common shares. Former Lumina securityholders who elected the cash option received $10.00 in cash for each of their Lumina common shares.
Following the Arrangement, First Quantum owns and controls 100% of the issued and outstanding common shares of Lumina. All outstanding options of Lumina were cancelled pursuant to the Arrangement.
As a result of the completion of the Arrangement, effective at the close of business on Thursday, August 21, 2014, the common shares will be delisted from TSX Venture Exchange at the request of Lumina.
For further information, please refer to Lumina's Management Information Circular dated July 10, 2014 and news releases dated June 17, 2014, August 13, 2014, and August 19, 2014.
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