Lumina Gold Announces US$3.1 million Wheaton Precious Metals Draw and Amendment to the PMPA
Lumina Gold Corp (OTCQB: LMGDF) has received the final installment of US$3.1 million from Wheaton Precious Metals International under their US$300 million precious metals purchase agreement (PMPA). This draw brings the total advanced amount to US$48 million, with US$252 million remaining to be advanced once construction conditions are met.
The PMPA has been amended to provide Lumina more flexibility for pre-construction acquisition transactions. Under the amendment, Lumina has until December 31, 2025, to utilize the final installment on qualifying transactions, with any unused portion to be returned to Wheaton.
Lumina Gold Corp (OTCQB: LMGDF) ha ricevuto l'ultima tranche di 3,1 milioni di dollari USA da Wheaton Precious Metals International nell'ambito del loro accordo di acquisto di metalli preziosi (PMPA) da 300 milioni di dollari USA. Questo prelievo porta l'importo totale anticipato a 48 milioni di dollari USA, con 252 milioni di dollari USA ancora da anticipare una volta soddisfatte le condizioni di costruzione.
Il PMPA è stato modificato per offrire a Lumina maggiore flessibilità nelle operazioni di acquisizione pre-costruzione. Secondo l'emendamento, Lumina ha tempo fino al 31 dicembre 2025 per utilizzare l'ultima tranche in operazioni qualificate, con qualsiasi parte non utilizzata che dovrà essere restituita a Wheaton.
Lumina Gold Corp (OTCQB: LMGDF) ha recibido el último pago de 3,1 millones de dólares estadounidenses de Wheaton Precious Metals International bajo su acuerdo de compra de metales preciosos (PMPA) por 300 millones de dólares estadounidenses. Este desembolso eleva el total adelantado a 48 millones de dólares estadounidenses, quedando 252 millones de dólares estadounidenses pendientes de ser adelantados una vez se cumplan las condiciones de construcción.
El PMPA ha sido modificado para otorgar a Lumina mayor flexibilidad en las transacciones de adquisición previas a la construcción. Según la enmienda, Lumina tiene hasta el 31 de diciembre de 2025 para utilizar el último pago en transacciones calificadas, y cualquier parte no utilizada deberá ser devuelta a Wheaton.
Lumina Gold Corp (OTCQB: LMGDF)는 Wheaton Precious Metals International으로부터 3.1백만 미국 달러의 마지막 분할금을 3억 미국 달러 귀금속 구매 계약(PMPA)에 따라 받았습니다. 이번 인출로 총 선지급 금액은 4,800만 미국 달러가 되었으며, 건설 조건이 충족되면 2억 5,200만 미국 달러가 추가로 지급될 예정입니다.
PMPA는 Lumina가 건설 전 인수 거래에 대해 더 큰 유연성을 가질 수 있도록 수정되었습니다. 수정안에 따르면 Lumina는 2025년 12월 31일까지 최종 분할금을 적격 거래에 사용할 수 있으며, 사용하지 않은 금액은 Wheaton에 반환됩니다.
Lumina Gold Corp (OTCQB : LMGDF) a reçu la dernière tranche de 3,1 millions de dollars US de Wheaton Precious Metals International dans le cadre de leur contrat d'achat de métaux précieux (PMPA) de 300 millions de dollars US. Ce tirage porte le montant total avancé à 48 millions de dollars US, avec 252 millions de dollars US restant à avancer une fois les conditions de construction remplies.
Le PMPA a été modifié pour offrir à Lumina plus de flexibilité pour les transactions d'acquisition avant la construction. Selon cet amendement, Lumina dispose jusqu'au 31 décembre 2025 pour utiliser la dernière tranche sur des transactions éligibles, toute portion non utilisée devant être retournée à Wheaton.
Lumina Gold Corp (OTCQB: LMGDF) hat die letzte Tranche von 3,1 Millionen US-Dollar von Wheaton Precious Metals International im Rahmen ihres 300 Millionen US-Dollar schweren Edelmetall-Kaufvertrags (PMPA) erhalten. Diese Auszahlung erhöht den insgesamt vorgeschossenen Betrag auf 48 Millionen US-Dollar, wobei noch 252 Millionen US-Dollar ausstehen, die nach Erfüllung der Bauvoraussetzungen ausgezahlt werden.
Der PMPA wurde geändert, um Lumina mehr Flexibilität bei Vorabakquisitionen vor Baubeginn zu ermöglichen. Laut der Änderung hat Lumina bis zum 31. Dezember 2025 Zeit, die letzte Tranche bei qualifizierten Transaktionen zu verwenden; nicht genutzte Beträge müssen an Wheaton zurückgegeben werden.
- Secured final US$3.1 million installment from Wheaton Precious Metals
- Extended deadline to December 31, 2025 for spending the final installment
- Gained more flexibility in pre-construction acquisition transactions through PMPA amendment
- Must return any unspent portion of the US$3.1 million final installment after December 31, 2025
- Remaining US$252 million funding contingent on meeting specific construction conditions
The PMPA has been amended (the "Amendment") to provide more flexibility to Lumina in connection with certain pre-construction acquisition transactions. Under the Amendment, among other things, Lumina has until December 31, 2025, to spend the Final Installment on qualifying transactions. Any portion of the Final Installment not spent by December 31, 2025 must be returned to Wheaton.
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Signed: "Marshall Koval" | |
Marshall Koval, President & CEO, Director |
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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 spend the
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.
FAQ
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