Deal funds advancement of Taca Taca project and corporate purposes
By Devika Patel
Knoxville, Tenn., Nov. 23 - Lumina Copper Corp. said it will conduct a C$30 million private placement of stock. Half of the offering is being conducted through a syndicate of underwriters led by Raymond James Ltd. and including Scotia Capital Inc., Canaccord Genuity Corp. and Laurentian Bank Securities Inc., with the remaining C$15 million to be raised on a non-brokered basis.
The company will sell 3 million common shares at C$10.00 apiece. The price per share is a 5.3% discount to the Nov. 22 closing share price of C$10.56. Lumina Capital LP will invest C$10 million.
Settlement is expected on Dec. 8.
Proceeds will be used to advance the company's Taca Taca project and for general corporate purposes.
Lumina is a copper acquisition, exploration and development company based in Vancouver, B.C.
| Issuer: | Lumina Copper Corp.
|
| Issue: | Common stock
|
| Amount: | C$30 million
|
| Shares: | 3 million
|
| Price: | C$10.00
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead), Scotia Capital Inc., Canaccord Genuity Corp. and Laurentian Bank Securities Inc. (for C$15 million), non-brokered (for C$15 million)
|
| Investor: | Lumina Capital LP (for C$10 million)
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 8
|
| Stock symbol: | TSX Venture: LCC
|
| Stock price: | C$10.56 at close Nov. 22
|
| Market capitalization: | C$388.1 million
|
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