TransactionsLuna Gold Closes $33 Million Non-Brokered Private PlacementPublished: 07/13/2010 By Andre Boivin On June 14, 2010, Luna Gold Corp. successfully completed a non-brokered private placement financing of 58,930,915 special warrants of the Company, for gross proceeds of approximately $33,001,312. Each special warrant was sold at a price of $0.56 per special warrant and entitled the holder thereof to receive one unit of the Company on the exercise of the special warrant, each unit being comprised of one common share of the Company and one-half of one common share purchase warrant. Luna then proceeded to the prospectus qualification of the units for which Luna obtained a receipt from the British Columbia Securities Commission on July 6, 2010. The Company intends to use the net proceeds of the Offering to advance the Company's exploration programs at its Aurizona Main and Regional targets, to complete a NI 43-101 compliant resource estimate at its Cachoeira property and to provide additional working capital at the Company's Aurizona gold operation. André Boivin (Securities and Mining) and Jason MacIntosh (Securities) of Cassels Brock acted for Luna Gold Corp. |