November 8, 2017
Lumina Gold Announces C$15,000,000 Private Placement
Vancouver, British Columbia ‐ Lumina Gold Corp. (TSXV: LUM) (the “Company” or “Lumina”) is pleased to announce that it has entered into an agreement with a syndicate of agents, co‐led by Raymond James Ltd. and Haywood Securities Inc., (collectively, the “Agents”), that have agreed to sell, on a “best efforts” private placement basis, up to 24,193,548 common shares at a price of C$0.62 per common share, for aggregate gross proceeds of up to C$15 million (the “Offering”). It is anticipated that certain insiders of the Company will participate in the Offering.
The Company plans to use the net proceeds from the Offering for the exploration and advancement of the Company’s projects in Ecuador and for general corporate purposes. The Offering is scheduled to close on or about November 29, 2017 the (“Closing Date”), and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The common shares issued in the Offering will be subject to a statutory hold period of four months and one day following the Closing Date.
The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Company understands certain related parties as defined in Multilateral Instrument 61‐101 (“MI 61‐101”) may participate in the Offering. Any such resulting related party transaction will be exempt from the formal valuation requirement and shareholder approval requirement of MI 61‐101, as will be described in the material change report to be filed by the Company in connection with this Offering, if required.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. The Company’s Cangrejos Gold‐Copper project is located in El Oro Province, southwest Ecuador, and its Condor Gold‐Copper project is located in Zamora‐Chinchipe Province, southeast Ecuador. The Company also recently announced a letter of intent with First Quantum Minerals Ltd. for an earn‐in agreement on its Orquideas and Cascas concessions. The Company holds a large and highly prospective land package in Ecuador consisting of 135 thousand hectares. The Company has an experienced management team with a successful track record of advancing and monetizing exploration projects. The Company intends to continue to identify, acquire and advance mineral exploration properties that have large scale potential.
Further details are available on the Company’s website at https://luminagold.com/.
LUMINA GOLD CORP.
Signed: “Marshall Koval”
Marshall Koval, President & CEO, Director
For further information contact:
T: +1 604 646 1890
T: +1 604 646 1890
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release