Lumina Copper Corp.
TSX VENTURE : LCC

Lumina Copper Corp.

January 12, 2011 19:23 ET

Lumina Announces C$15.45 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2011) -

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

Lumina Copper Corp. (TSX VENTURE:LCC) ("Lumina") is pleased to announce that it intends to issue, via a non-brokered private placement, approximately 3,000,000 common shares at a price of C$5.15 per common share for aggregate gross proceeds of approximately C$15.45 million (the "Offering"). Finder's fees will be payable on a portion of the Offering in accordance with the TSX Venture Exchange policy.

The closing of the Offering is expected to occur on or about February 9, 2011 and is subject to the approval of the TSX Venture Exchange and all applicable securities regulatory authorities. All of the common shares issued pursuant to the Offering will be subject to a four-month hold period.

The net proceeds from the Offering will be used to fund the exploration and development program previously announced on January 6, 2011 at Lumina's Taca Taca copper/gold/molybdenum project in Salta Province, Argentina, and for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is for information purposes only and 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

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contain "forward-looking statements" within the meaning of the applicable Canadian securities legislation. 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 Corp. 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 Taca Taca project, 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 commodities, as well as those factors discussed in the sections relating to risk factors of our business filed in Lumina Copper Corp.'s required securities filings on SEDAR. Although Lumina Copper Corp. 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 Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, 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.

Contact Information

  • Lumina Copper Corp.
    David Strang
    + 604 646-1880
    + 604 687-7041 (FAX)