By Sheri Kasprzak
Atlanta, Nov. 17 - Lumina Copper Corp. said Wednesday it will raise C$2.135 million in a private placement.
The company will sell 350,000 flow-through common shares at C$6.10.
The shares in the offering are subject to a four-month hold.
Raymond James Ltd. is placement agent in the deal, which is expected to close Dec. 2.
Lumina is a copper acquisition, exploration and development company based in Vancouver, B.C.
The company plans to use the proceeds from the deal to finance its surface exploration and drilling programs during 2005 in the company's Hushamu and Redstone properties in British Columbia and the Northwest Territories, respectively.
| Issuer: | Lumina Copper Corp.
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| Issue: | Flow-through common shares
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| Amount: | C$2.135 million
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| Shares: | 350,000
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| Price: | C$6.10
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| Warrants: | No
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| Placement agent: | Raymond James Ltd.
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| Announcement date: | Nov. 17
|
| Settlement date: | Dec. 2
|
| Stock price: | $4.66 at close Nov. 17
|
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