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Published on 1/31/2007 in the Prospect News PIPE Daily.

New Issue: Luna Gold closes C$3.81 million private placement of units

By Laura Lutz

Washington, Jan. 31 - Luna Gold Corp. settled a private placement of units for C$3,812,923.

The company sold 8,473,164 units of one share and one half-share warrant. The exact price per share was not announced.

Each whole warrant is exercisable at C$0.70 for 18 months.

The deal was non-brokered.

Luna is a gold mining and exploration company based in Vancouver, B.C.

Issuer:Luna Gold Corp.
Issue:Units of one share and one half-share warrant
Amount:C$3,812,923
Units:8,473,164
Warrants:One half-share warrant per unit
Warrant expiration:18 months
Warrant strike price:C$0.70
Agent:Non-brokered
Settlement date:Jan. 31
Stock symbol:TSX Venture: LGC
Stock price:C$0.485 at close Jan. 31

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