Lumina Capital Limited Partnership

November 03, 2011 15:21 ET

Lumina Capital Limited Partnership: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Lumina Capital Limited Partnership ("Lumina"), of 410 – 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that on November 2, 2011, Lumina acquired ownership and control of 10,000,000 units (each, a "Unit") of CB Gold Inc. ("CB") by way of a non-brokered private placement for aggregate consideration of $11,000,000, or $1.10 per Unit. Each Unit is comprised of one common share and one half of one common share purchase warrant of CB. As a result of this acquisition, Lumina owns a total of 10,000,000 common shares representing approximately 7.0% of the total number of common shares currently issued and outstanding. In addition, Lumina acquired common share purchase warrants to acquire an additional 5,000,000 common shares of CB.

Immediately following the November 2, 2011 acquisition of 10,000,000 Units of CB, Lumina exercised ownership and control over a total of 10,000,000 common shares of CB and common share purchase warrants exercisable to purchase 5,000,000 common shares of CB, which, in the aggregate assuming Lumina's common share purchase warrants and no other convertible securities are exercised, represents approximately 10.2% of the 147,522,098 issued and outstanding common shares of CB.

Lumina's acquisition was made for investment purposes. Lumina may, in the future, acquire ownership and control over additional securities of CB for investment purposes.

Lumina is not currently a party to any agreement in respect of the acquisition, holding, disposition or voting of any securities of CB.

Lumina does not own or control any securities of CB with, nor is Lumina a joint actor with, another entity.

For more information, or to obtain a copy of the subject early warning report, please see below contact information.

Contact Information

  • Robert Pirooz
    (604) 684-1175
    (604) 684-0147 (FAX)