Ross J. Beaty

December 05, 2011 15:04 ET

Ross J. Beaty: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) - Ross J. Beaty, of 1550 – 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that on December 2, 2011 he indirectly acquired control or direction over 354,000 common shares of Lumina Copper Corp. ("Lumina Copper") by way of a private purchase, made in reliance on the private agreement exemption set out in section 4.2 of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. The common shares purchased represent approximately 0.99% of the total number of issued and outstanding common shares of Lumina Copper. The purchase was completed by Lumina Capital Limited Partnership, a limited partnership controlled by Mr. Beaty. The aggregate purchase price of the common shares purchased was CDN$3,894,000, or CDN$11.00 per common share. As a result of these transactions, Mr. Beaty now owns, directly or indirectly, or exercises control or direction, over 10,053,225 common shares, representing approximately 26.68% of the total number of issued and outstanding common shares of Lumina Copper.

In addition, Mr. Beaty holds, directly and indirectly, options to acquire an additional 280,000 common shares of Lumina Copper. If all such options were exercised, Mr. Beaty would exercise ownership and control, directly or indirectly, over a total of 10,333,225 common shares, which would represent approximately 27.42% of the then issued and outstanding common shares of Lumina Copper.

Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may, in the future, acquire ownership and control over additional securities of Lumina Copper for investment purposes.

For more information, or to obtain a copy of the subject early warning report, please contact:

Ross J. Beaty
1500 – 625 Howe Street
Vancouver, British Columbia
V6C 2T6

Telephone: (604) 684-1175
Facsimile: (604) 684-0147

Contact Information

  • Ross J. Beaty
    (604) 684-1175
    (604) 684-0147 (FAX)