1. Lumina Gold closes a US$20 million unsecured convertible notes deal. 2. Notes bear 6.0% interest and have a four-month hold period. 3. Company focuses on the Cangrejos gold project in Ecuador. 4. Lumina completed a Pre-Feasibility Study for their main project in 2023. 5. No bonuses or commissions were issued related to the private placement.
Lumina's successful financing increases liquidity and funds project development. Positive sentiment may arise from unlocking future growth potential.
The issuance of convertible notes can significantly impact liquidity and project timelines, directly influencing investor sentiment. This relevance increases given the current funding landscape.
The immediate funding may lead to short-term price movements as investors react to financing news. Historical financings in mining often lead to short-term gains if perceived positive.
PRNewswire - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that, further to its news release dated April 21, 2025, it has closed the private placement (the "Private Placement") issuance of an aggregate principal amount of US$20 million unsecured convertible notes (the "Notes") bearing interest at a rate of 6.0% per annum.
The Notes and any securities issuable upon conversion are subject to a four month hold period expiring on September 7, 2025 in accordance with applicable Canadian securities laws. No securities have or will be issued as bonuses, finder's fees or commissions in connection with the Private Placement.
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based exploration company focused on the Cangrejos project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.
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Further details are available on the Company's website at https://luminagold.com. To receive future news releases please sign up at https://luminagold.com/contact.
Signed: "Marshall Koval"
Marshall Koval, President & CEO, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Lumina Gold Corp.