Luna Gold intends to price a C$20 million private placement of units

Company also plans public units offering through syndicate of agents

By Devika Patel

Knoxville, Tenn., Sept. 2 - Luna Gold Corp. said it plans a C$20 million non-brokered private placement of units. The deal has a C$15 million greenshoe.

The company will sell units of one common share and one half-share warrant at a price to be determined in the market context to investors in South America.

Luna also plans to offer units at the same price through a short-form prospectus offering on a best-efforts basis through a syndicate of agents led by National Bank Financial Inc. and including Raymond James Ltd., BMO Capital Markets Corp. and Scotia Capital Inc. The public sale will have a 30-day 15% greenshoe option.

Settlement is expected Sept. 23.

Proceeds will be used for the Aurizona expansion scoping study, Aurizona resource definition expansion, Maranhão Greenfields discovery exploration, Cachoeira scoping study, pre-feasibility and feasibility study, corporate development, debt reduction and general corporate purposes.

Vancouver, B.C.-based Luna is a gold exploration and development company focused on projects in Brazil and Nevada.

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