Offering helps complete preliminary economic assessment at Taca Taca
By Devika Patel
Knoxville, Tenn., Oct. 9 - Lumina Copper Corp. said it will conduct a C$23.75 million non-brokered private placement of stock.
The company will sell 2.5 million common shares at C$9.50 apiece. The price per share is a 0.73% discount to the Oct. 5 closing share price of C$9.57.
Proceeds will be used for the company's capital needs through late 2013, including all remaining costs to complete the preliminary economic assessment on mining and milling operations at Taca Taca, to repay a $13 million loan owed to Lumina Capital LP 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$23.75 million
|
| Shares: | 2.5 million
|
| Price: | C$9.50
|
| Warrants: | No
|
| Underwriters: | Non-brokered
|
| Pricing date: | Oct. 9
|
| Stock symbol: | TSX Venture: LCC
|
| Stock price: | C$9.57 at close Oct. 5
|
| Market capitalization: | C$360.3 million
|
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