November 29, 2017
Lumina Gold Announces Closing of C$20 Million Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES
Vancouver, British Columbia – Lumina Gold Corp. (TSXV: LUM) (the “Company” or “Lumina”) is pleased to announce that it has closed the previously announced brokered private placement (please refer to the Company’s November 8, 2017 and November 9, 2017 press releases). A total of 32,258,064 common shares (the “Common Shares”) were sold at a price of C$0.62 per Common Share for aggregate gross proceeds of approximately C$20 million (the “Offering”). The Offering was made through a syndicate of agents, co-led by Raymond James Ltd. and Haywood Securities Inc., and including BMO Capital Markets and RBC Capital Markets Inc. (collectively, the “Agents”). In connection with the Offering, the Agents received a cash commission of approximately C$833,656.
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 Common Shares issued in the Offering will be subject to a statutory four month and a day hold period that will expire on March 30, 2018.
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, 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.
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.
For further information contact:
Signed: “Marshall Koval”
Marshall Koval, President & CEO, Director
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