By Devika Patel
Knoxville, Tenn., June 15 - Luna Gold Corp. said it completed a C$33 million non-brokered private placement of special warrants. The deal priced May 25 and was increased to C$33.13 million from C$20 million on June 9.
The company sold 58,930,915 special warrants at C$0.56 each. The special warrants are convertible into units of one common share and one half-share warrant, with each whole warrant exercisable at C$0.80 for one year.
Proceeds will be used for exploration and working capital.
Vancouver, B.C.-based Luna is a gold exploration and development company focused on projects in Brazil and Nevada.
| Issuer: | Luna Gold Corp.
|
| Issue: | Special warrants convertible into units of one common share and one half-share warrant
|
| Amount: | C$33,001,312
|
| Warrants: | 58,930,915
|
| Price: | C$0.56
|
| Warrants: | One half-share warrant per unit upon conversion
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.80
|
| Agent: | Non-brokered
|
| Pricing date: | May 25
|
| Upsized: | June 9
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: LGC
|
| Stock price: | C$0.64 at close May 24
|
| Market capitalization: | C$230 million
|
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