Dec 15 (Reuters) - Fortescue Ltd ( FSUMF ):

* FORTESCUE TO ACQUIRE ALTA COPPER

* ASX ALERT-FORTESCUE TO ACQUIRE ALTA COPPER

* ALTA COPPER SHAREHOLDERS WILL RECEIVE CASH CONSIDERATION

OF

C$1.40 PER SHARE

* ALTA COPPER SHAREHOLDERS TO RECEIVE CA$1.40 PER SHARE

* PROPOSES TO ACQUIRE REMAINING 64 PER CENT OF ALTA COPPER'S

ISSUED AND OUTSTANDING COMMON SHARES

* TOTAL EQUITY VALUE FOR ALTA COPPER IS CA$139 MILLION

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