VANCOUVER, Dec. 5 /PRNewswire-FirstCall/ -- Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce that it intends to carry out a non-brokered private placement of securities to raise gross proceeds of a minimum of C$5 million, subject to the approval of the TSX Venture Exchange. The private placement is being undertaken in order to continue with its exploration programs at its Aurizona and Cachoeira gold projects in Brazil.
The securities will be issued in the form of units at a price of C$1.00 per Unit, with each Unit consisting of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share of the Company at a price of C$1.50 for a period of 18 months from the date of issue.
The Company may pay a finder's fee of 6% cash and 6% broker's warrants. About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in northeastern Brazil.
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.
