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Re: News Release - Tuesday, June 16, 2009
Pacific Copper Acquires San Enrique Property
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Tucson Arizona, Pacific Copper Corp. (OTCBB: PPFP) (CUSIP # 69412U 10 0
) is pleased to announce that it has, through its Chilean subsidiary
Pacific Copper Chile Limitada, entered into a mineral property
acquisition agreement with Gareste Limitada to purchase the San Enrique
property located in Atacama Region III Chile and comprising 100
hectares.
In consideration Pacific Copper will issue 7 Million shares of its
capital stock and shall grant a 2% Net Smelter Return (NSR) royalty to
Gareste Limitada, capped at US$6 million, one half (1/2) of which can
be repurchased by Pacific Copper or its subsidiary at any time prior to
commencement of any commercial production by making a payment of US$2
million to Gareste Limitada.
Pacific Copper's corporate strategy includes a copper oxide and
leachable copper component through acquisition, exploration and
development of suitable low cost, surface mineable, heap leachable
projects in northern Chile. The San Enrique property represents a key
strategic target in Atacama Region III, complementing the Company's La
Guanaca, El Corral/La Mofralla and Venado properties obtained by the
Company which have reports filed pursuant to Canadian National
Instrument 43-101 Standards for Disclosure of Mineral Projects and its
Companion Policy ("NI 43-101"). These properties are all within 250
kilometers of each other.
None of the properties in which the Company has an interest has been
determined to contain any mineral resources or reserves under NI
43-101, and there is no basis for any economically viable mineral
deposit on any of the Company's properties.
Investor Relations
Mike Parker or Halsey Johnson at 877-306-7979
info@pacificcopper.com
Should you have any questions or comments, please do not hesitate to
contact the Company or our Investor Relations people at the referenced
numbers above.
Safe Harbor Statement
Statements in this news release, which are not purely historical, are
forward-looking statements within the meaning of applicable Canadian
securities laws, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. These statements
involve risks and uncertainties which could cause actual results to
differ materially from those in the forward-looking statements
contained herein. Such risks and uncertainties may include, but are
not limited to, the risks and uncertainties set forth in the Company's
filings with the SEC such as the ability to obtain additional
financing, the ability to manage growth, acquisitions of technology,
equipment or human resources, the effect of economic and business
conditions, the ability to attract and retain skilled personnel and
factors outside the control of the Company. These forward-looking
statements are made as of the date of this news release, and the
Company assumes no obligation to update the forward-looking statements
or to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company
believes that the beliefs, plans, expectations and intentions contained
in this news release are reasonable, there can be no assurance those
beliefs, plans, expectations or intentions will prove to be accurate.
Investors should consider all of the information set forth herein and
should also refer to the risk factors disclosed in the Company's
periodic reports filed from time-to-time with the SEC. This news
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
If you wish to be taken off the email list to recieve news and updates
from Pacific Copper please respond back to this address with the word
remove in the subject line, thanks.
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Copyright (c) 2009 PACIFIC COPPER CORP. (PPFP) All rights reserved.
For more information visit our website at http://www.pacificcopper.com/
or send mailto:info@sweetwatercapital.net
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Pacific Copper Corp
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CODE : PPFP.OB |
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CUSIP : #69412U100 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pacific Copper is a copper exploration company based in United states of america. Pacific Copper holds various exploration projects in Chile and in Peru. Its main exploration properties are CARRERA PINTO in Chile and DON JAVIER and MAZAMA PROJECT in Peru. Pacific Copper is listed in United States of America. Its market capitalisation is US$ 249 310 as of today (€ 195 783). Its stock quote reached its highest recent level on October 19, 2007 at US$ 0.70, and its lowest recent point on March 14, 2014 at US$ 0.00. Pacific Copper has 49 862 000 shares outstanding. |