04:31 PM EST - Getty Copper Inc : announced today the signing of a letter of intent with EffiSolar Energy Corp., an affiliate of a large Chinese conglomerate, Zhejiang Guoguang Science and Technology Group (ZGSTG), under which ZGSTG has acquired the right to carry Getty's North, South and adjacent deposits in Highland Valley British Columbia to production for a 51% joint venture interest in the project. Per the agreement, ZGSTG is required to spend a minimum of $5 million over 36 months to test the expansion potential of the known copper reserves beyond the currently estimated figure of 86.6 million tons grading 0.4% Cu. $3 million of the $5 million is a firm commitment and the balance is optional. Getty Copper Inc
shares V.GTC are trading up .03 at $0.13.
