Lumina Gold converts private loan to common shares

Chicago, Oct. 27 – Lumina Gold Corp. announced that it is converting what was a private loan into common shares, according to a press release.

Ross Beaty, the company’s largest shareholder, has converted C$15.3 million of outstanding debt to common shares at a price of C$0.42 per share.

As a result of the conversion, the shareholder has been issued 36,484,604 shares of Lumina, bringing his ownership in the company to 27.7%.

Lumina is a Vancouver, B.C.-based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador.

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