By Sheri Kasprzak
Atlanta, Jan. 20 - Luna Gold Corp. has closed a private placement of units for $2,270,350.
The company sold 7,567,835 units at $0.30 each. The units are comprised of one share and one warrant.
The warrants allow for an additional share at $0.50 each through Jan. 18, 2007.
The shares in the offering are subject to a four-month hold, which expires May 19, 2005.
Luna Gold, based in Vancouver, B.C., is a gold exploration company.
| Issuer: | Luna Gold Corp.
|
| Issue: | Units of one share and one warrant
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| Amount: | $2,270,350
|
| Units: | 7,567,835
|
| Price: | $0.30
|
| Warrants: | One warrant per unit
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| Warrant expiration: | Jan. 18, 2007
|
| Warrant strike price: | $0.50
|
| Settlement date: | Jan. 18
|
| Stock price: | C$0.29 at close Jan. 18
|
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