Teck Cominco Limited acquires Global Copper Corp. in C$415 million cash and stock deal  

Date Closed: 8/01/2008

Value: C$415 million

On August 1, 2008, Teck Cominco Limited completed the acquisition of Global Copper Corp. by way of plan of arrangement for aggregate proceeds of approximately $415 million payable in cash and Class B subordinate voting shares of Teck. Global's principal asset is the Relicnho project in Chile. Substantially all of Global's other assets, including Global's interest in the Taca Taca and San Jorge properties in Argentina, a specified amount in cash and a 1.5% net smelter return royalty in respect of the Relincho project have been transferred to a new company named Lumina Copper Corp. pursuant to the plan of arrangement.

Global Copper was represented by Robert Pirooz, its Secretary, and in Canada by BLG with a team that included Fred R. Pletcher, Paul Mingay, David Li, Shannon Rattray, Shantela Blaeser and Stephen Robertson (securities and corporate); Douglas Powrie, Larissa Tkachenko, Eva Krasa, Mark Chartrand and Daniel Lang (tax); and Stephen Antle (litigation).