Non-brokered deal will fund exploration, development work in Argentina
By Susanna Moon
Chicago, Jan. 12 - Lumina Copper Corp. said it plans to issue about 3 million common shares at C$5.15 each for proceeds of C$15.45 million via a non-brokered private placement.
The price reflects a 4.63% discount to the company's closing price on Jan. 11.
Proceeds will be used to fund the exploration and development program at Lumina's Taca Taca copper/gold/molybdenum project in Salta Province, Argentina and for general corporate purposes.
Settlement is expected to occur on Feb. 9 and is subject to the approval of the TSX Venture Exchange.
Lumina is a copper acquisition, exploration and development company based in Vancouver, B.C.
| Issuer: | Lumina Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$15.45 million
|
| Shares: | 3 million
|
| Price: | C$5.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 12
|
| Settlement date: | Feb. 9
|
| Stock price: | C$5.40 at close Jan. 11
|
| Market capitalization: | C$197.30 million
|
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