VANCOUVER, June 29 /PRNewswire-FirstCall/ -- Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce the closing of a non-brokered private placement of 9,510,091 Units as announced on June 20, 2007, for gross proceeds of $5,230,550. Each Unit consist of one common share and one-half of one share purchase warrant and each whole warrant entitles the holder to purchase one common share at a price of $0.85 for a period of eighteen months.
The common shares issued pursuant to the Private Placement are subject to a four month hold period expiring on October 29, 2007.
A cash finder's fee in the aggregate of $82,025 was paid to various parties for introducing investors to the Company.
About Luna Gold Corp
Luna is a mining exploration company with a focus on gold development in Brazil and gold exploration in Nevada.
On behalf of the Board of Directors
LUNA GOLD CORP.
Tim Searcy, P. Geo. - President and CEO
Website: http://www.lunagold.com/
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
Regulatory Footnotes
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act of 1933 and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.'s periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Luna Gold does not assume the obligation to update any forward-looking statement.
CONTACT: Investor Relations at (604) 689-7317 or toll free at 1-866-689-7317
