Business
Getty Copper Inc. - JOINT VENTURE NEGOTIATIONS TERMINATED
Dec. 29, 2010 (Canada NewsWire Group) -- Symbol "GTC" TSX Venture Exchange VANC...
About this update from Getty Copper Inc.
[{"type":"text","content":"\n\n\n\n Dec. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nSymbol "GTC" TSX Venture Exchange\n\n\nVANCOUVER, Dec. 29 /CNW/ - Getty Copper Inc. (TSX-V: "GTC") announced today that negotiations with China based ZGSTG in furtherance\n of the proposed joint venture reflected in the letter of intent\n announced September 15, 2010 have terminated on account of the parties\n being unable to reach consensus on the formal agreement terms. Getty\n expects to receive and announce the results of the Titan 24 geophysical\n survey which was carried out on the Getty North and South properties by\n Quantec Geoscience during the November/December period in the next few\n weeks. The termination of negotiations is not the result of any advance\n information about the survey results. Getty will issue ZGSTG shares at\n $0.30 to compensate ZGSTG for paying for the Quantec geophysical study\n upon receipt of data and relevant legal documentation.\n\n\nGetty is a Vancouver based company focussing efforts on advancing its\n 200 square kilometre copper property which is immediately adjacent to\n Teck's Highland Valley copper mine. Getty recently filed a 43-101\n compliant pre-feasibility study over the two known copper deposits\n which cover less than 10% of the property area. The pre-feasibility\n study suggests that the Getty deposits would have robust economics at\n current spot copper prices\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\nDr. Corby G. Anderson QP CEng FIChem...