VANCOUVER, BC, Dec. 2, 2024
/CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the
"Company" or "Lumina") is pleased to announce that under the
previously announced US$300 million
precious metals purchase agreement (the "PMPA") with Wheaton
Precious Metals International Ltd., a wholly owned subsidiary of
Wheaton Precious Metals Corp., the Company has drawn an additional
installment of US$6.0 million. The
Company has now drawn US$44.9 million
and can draw up to an additional US$3.1
million for specific pre-construction capital items.
Investor Relations
The Company is also pleased to announce that it has retained Oak
Hill Financial Inc. ("Oak Hill") to provide investor relations
services at a rate of C$10,000 per
month for an initial three-month term beginning in January 2025, then continuing month to month at
the Company's election. Oak Hill
will help Lumina to effectively communicate its latest corporate
milestones with potential new investors, and further engage with
the investment community on behalf of the Company. Oak Hill is an arms-length party to the
Company and does not currently hold any interest in the securities
of the Company (either directly or indirectly) nor does it hold any
rights or options to acquire such an interest.
Oak Hill is a leading Canadian
investor marketing and distribution and corporate advisory firm,
based in Ontario, focused on IIROC
retail brokerage networks, servicing both asset managers and public
companies. Oak Hill's experienced
team of former asset management wholesalers, research analysts and
capital market professionals specialize in building credibility for
their clients to a network of over 10,000 Canadian IIROC retail
brokers and over 300 North American funds.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base
metals development company focused on the Cangrejos Gold-Copper
Project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a
Pre-Feasibility Study for Cangrejos, which is the largest primary
gold deposit in Ecuador. Lumina
has an experienced management team with a successful track record
of advancing and monetizing exploration projects.
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Further details are available on the Company's website at
https://luminagold.com/. To receive future news releases please
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LUMINA GOLD CORP.
Signed: "Marshall Koval"
Marshall Koval, President
& CEO, Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or
information with respect to: the Company's ability to draw
up to an additional US$3.1 million
for specific pre-construction capital items, the Company's
engagement of Oak Hill and the
services to be provided. Often, but not always,
forward-looking statements or information can be identified by the
use of words such as "will" or "projected" or variations of those
words or statements that certain actions, events or results "will",
"could", "are proposed to", "are planned to", "are expected to" or
"are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information
contained herein, the Company has made numerous assumptions
including among other things, assumptions about: the Company's
ability to meet its obligations under the PMPA; general business
and economic conditions; the prices of gold and copper; and
anticipated costs and expenditures. The foregoing list of
assumptions is not exhaustive.
Although management of the Company believes that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that a forward-looking statement or information herein will prove
to be accurate. Forward-looking statements and information by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information. These factors include,
but are not limited to: risks associated with the business of the
Company; business and economic conditions in the mining industry
generally; the supply and demand for labour and other project
inputs; changes in commodity prices; changes in interest and
currency exchange rates; risks relating to inaccurate geological
and engineering assumptions (including with respect to the tonnage,
grade and recoverability of reserves and resources); risks relating
to unanticipated operational difficulties (including failure of
equipment or processes to operate in accordance with specifications
or expectations, cost escalation, unavailability of materials and
equipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental
matters); risks relating to adverse weather conditions; political
risk and social unrest; changes in general economic conditions or
conditions in the financial markets; and other risk factors as
detailed from time to time in the Company's continuous disclosure
documents filed with Canadian securities administrators. The
Company does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
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SOURCE Lumina Gold Corp.
