Trading Symbol TSX V: GTC
VANCOUVER, Sept. 24, 2015 /CNW/ - John Lepinski,
Managing Director of Getty Copper Inc. (TSXV: "GTC") today
announced that the Company has entered into an agreement with Robak
Industries Ltd., a company owned and controlled by John Lepinski a company director, whereby the
Getty South property in which each of the Company and Robak owns a
50% interest, will be unitized with the balance of the Company's
property in the Highland Valley adjacent to Teck Resources Inc.,
Highland Valley Copper mine and a former copper producer, Bethlehem
Copper.
The parties have formed a holding company, Getty Mineral
Holdings Ltd., to hold the unitized property and the Company will
hold 82% of the shares and Robak 18% of the shares.
The ratio was agreed upon by using the reserve calculations on
the Company's property and the portion of such reserves located on
the Getty South deposit in relation to the reserves on the balance
of the property based on the Pre‑Feasibility technical report filed
on SEDAR on May 25, 2010.
The Company believes that unitizing the property will be
beneficial to its potential development.
ON BEHALF OF THE BOARD OF DIRECTORS
John B. Lepinski
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.
SOURCE Getty Copper Inc.