VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 8, 2007) - Global Copper Corp. ("Global") (TSX:GLQ) is pleased to announce that, further to its News Release of December 20, 2006, it has completed its sale to GHG Resources Limited ("GHG") of all of Global's interest in the Viacachitas property located in Region V, Chile. GHG is listed on the TSX Venture Exchange under the symbol GHG.
As consideration for the acquisition, GHG has paid US$10,400,000 to Global and issued to Global 6,280,000 shares and 3,900,000 share purchase warrants in the capital of GHG. Each warrant is exercisable for a period of three years from the date of issuance and entitles Global to acquire one additional share of GHG at a price of $1.00 per share.
All securities issued as referenced above are subject to a four month hold period expiring June 8, 2007.
Global Copper Corp.
Robert Pirooz, Corporate Secretary
FOR FURTHER INFORMATION PLEASE CONTACT:
Global Copper Corp.
David Strang
President & CEO
(604) 687-0407
(604) 687-7041 (FAX)
Email: dstrang@globalcoppercorp.com
Website: www.globalcoppercorp.com
