Mining PRs and The Ottotrans™, part 59

The latest in the series zooms in on Lumina Copper (LCC.v) and its NR this morning.

This is what it says:

VANCOUVER, BRITISH COLUMBIA--(Marketwire -06/15/12)- Lumina Copper Corp. (LCC.V) (the "Company") announces that its Board of Directors has initiated a strategic review process to consider a range of strategic alternatives that have presented themselves to the Company, with a view to enhancing shareholder value. Strategic alternatives may include, but are not limited to, the sale of all or a portion of the Company's assets, the outright sale of the Company, a merger or other business combination transaction involving a third party, a joint venture, as well as continued execution of the Company's existing business plan, or any combination thereof.

A special committee ("Special Committee"), consisting of independent directors, Ross Cory, Donald Shumka, and John Wright, has been appointed to oversee the strategic review process.

It is the Company's current intention not to disclose developments with respect to the strategic review process unless and until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The Company cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, as to the terms or timing of such transaction.

And this is what it means:



Notice Ross Beaty (played by Graham Chapman) making an appearance in the last five seconds of the clip. dyodd