Non-brokered offering sells 30 million common shares at C$1.02 apiece
By Devika Patel
Knoxville, Tenn., Aug. 5 – Luna Gold Corp. said it plans a C$30.6 million non-brokered private placement of stock. Sandstorm Gold Ltd. will invest at least C$19.89 million.
The company will sell 30 million common shares at C$1.02 per share, which is a 3.03% premium to the Aug. 4 closing share price of C$0.99.
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$30.6 million
|
| Shares: | 30 million
|
| Price: | C$1.02
|
| Warrants: | No
|
| Agent: | Non-brokered
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| Investors: | Sandstorm Gold Ltd. (for at least C$19.89 million)
|
| Pricing date: | Aug. 5
|
| Stock symbol: | Toronto: LGC
|
| Stock price: | C$0.99 at close Aug. 4
|
| Market capitalization: | C$119.54 million
|
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