By Devika Patel
Knoxville, Tenn., March 7 - Luna Gold Corp. announced it plans to conduct a C$4 million non-brokered private placement of stock.
The company will sell the shares at C$1.10 apiece.
Proceeds will be used for sourcing, exploration and drilling.
Vancouver, B.C.-based Luna is a gold exploration and development company focused on projects in Brazil and Nevada.
| Issuer: | Luna Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$4 million
|
| Price: | C$1.10
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | March 7
|
| Stock symbol: | TSX Venture: LGC
|
| Stock price: | C$1.53 at close March 6
|
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