SOURCE: Luna Gold Corp.

Luna Gold Corp.

September 14, 2016 08:57 ET

Luna Gold Raises C$6.5 Million From Exercise Of Share Purchase Warrants

VANCOUVER, BC--(Marketwired - September 14, 2016) - Luna Gold Corp. (TSX: LGC) ("Luna") is pleased to announce that it has raised Cdn $6.5 million from the exercise by Pacific Road Resources Fund of 50,000,000 Class B share purchase warrants with a strike price of $0.10 and by Sandstorm Gold Ltd. ("Sandstorm") of 12,000,000 Class A share purchase warrants (the "Class A Warrants") with a strike price of Cdn $0.125.

Christian Milau, CEO, stated, "We are very pleased with the strong support of our shareholders for the project and for the management team as demonstrated by the exercise of their warrants and funding of Luna."

Following its exercise of 12,000,000 warrants, Sandstorm will own 64,741,300 Luna Shares representing 16.5% of the issued and outstanding Luna Shares on a partially diluted basis. Sandstorm has purchased the Luna Shares for investment purposes and may or may not purchase or sell the Luna Shares, or exercise its remaining Class A Warrants, in the future on the open market or in private transactions, depending on market conditions and other factors.

About Luna Gold Corp.

Luna is engaged in the exploration and redevelopment of its past producing Aurizona Gold Mine, which was placed on care and maintenance in 2015.

On behalf of the Company,

Christian Milau, Chief Executive Officer and Director

Contact Information

  • For further information contact:
    Investor Relations