Lumina Shareholders Vote in Favour of Western Copper Merger
November 27, 2006
Lumina Shareholders Vote in Favour of Western Copper Merger
VANCOUVER, BRITISH COLUMBIA – Western Copper Corporation (TSX: WRN) (“Western”) is pleased to announce that the shareholders of Lumina Resources Inc. (TSX: LUR) (“Lumina”), at the Special Meeting of Shareholders held in Vancouver on November 24, 2006, approved the merger of Western and Lumina.
The special resolution approving the plan of arrangement (“Arrangement”) was passed by 100 % of the 12.2 million votes cast at the meeting.
Provided that the Supreme Court of British Columbia approves the transaction on November 27, 2006, closing is expected to occur on November 30, 2006. Lumina’s shares are expected to cease trading on the Toronto Stock Exchange shortly following the closing of the Arrangement.
Pursuant to the Arrangement, holders of Lumina common shares and options will exchange their Lumina common shares and options for Western common shares and options on a one for one basis. Western shareholders, warrant holders and option holders will continue to hold, respectively, their existing common shares, warrants, or options.
On behalf of the board,
“Dale Corman”
F. Dale Corman
Chairman & CEO
Western Copper Corporation
For more information, please contact:
David Jensen – VP Corporate Development
Nicole Rizgalla – Investor Relations
Call: 1.888.966.9995 or 604.684.9497
Email: info@westerncoppercorp.com
Cautionary Notes
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Western Copper Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Notice to US Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “measured,” “indicated,” and “inferred” “resources,” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in Western’s Form 20-F, File No. 000-52231, which may be secured from the Company, or from the SEC’s website at http://www.sec.gov/edgar.shtml.