SOURCE: Luna Gold Corp.

Luna Gold Corp.

September 12, 2014 16:30 ET

Luna Gold Withdraws Second Tranche of Private Placement

VANCOUVER, BC--(Marketwired - September 12, 2014) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") announces that as a result of market conditions, it will not proceed with the second tranche of its previously announced private placement totalling 10,500,000 shares. 

The first tranche equating to 19,500,000 shares was closed on August 5, 2014.

As at September 1, 2014, Luna had a cash balance of C$33 million, working capital of C$40 million and 7,000 ounces of finished gold inventory.

About Luna Gold Corp.
Luna is a gold production and exploration company engaged in the operation, discovery, and development of gold projects in Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

Geoff Chater - President and CEO

Website: www.lunagold.com

Forward-Looking Statements
This release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.'s periodic filings with Canadian Securities Regulators. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

Contact Information

  • For further information contact: 
    Patrick Balit
    Investor Relations Manager
    +1 (604) 568-7993