VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2016) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Lumina Gold Corp. ("Lumina") (TSX VENTURE:LUM) is pleased to announce that it has completed its non-brokered private placement (the "Private Placement") of common shares in the capital of Lumina (the "Shares") previously announced in Lumina's news release dated November 22, 2016. Lumina issued 28,571,428 Shares at a price per Share of $0.70 for gross proceeds of approximately CDN $20 million.
The net proceeds of the Private Placement will be used to advance exploration of Lumina's properties and for general working capital purposes.
Shares issued under the Private Placement will be subject to a four month hold period ended April 14, 2017. Shares issued outside of Canada will also be subject to restrictions on resale pursuant to applicable securities laws. Finder's fees of 4% of the proceeds from certain subscribers were paid to Haywood Securities Inc., Trimark Trading and Vandamme Invest.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
