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Lumina Gold Closes US$20 Million Convertible Debt Private Placement

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private placement

Lumina Gold Corp (OTCQB: LMGDF) has successfully completed a private placement of US$20 million in unsecured convertible notes. The notes carry a 6.0% annual interest rate and are subject to a four-month hold period ending September 7, 2025, in compliance with Canadian securities regulations. The company highlighted that no securities were issued as bonuses, finder's fees, or commissions in connection with this private placement.

Lumina Gold Corp (OTCQB: LMGDF) ha completato con successo un collocamento privato di 20 milioni di dollari USA in obbligazioni convertibili non garantite. Le obbligazioni prevedono un tasso di interesse annuo del 6,0% e sono soggette a un periodo di blocco di quattro mesi che terminerà il 7 settembre 2025, in conformità con le normative canadesi sui valori mobiliari. La società ha sottolineato che non sono stati emessi titoli come bonus, commissioni per intermediari o provvigioni in relazione a questo collocamento privato.

Lumina Gold Corp (OTCQB: LMGDF) ha completado con éxito una colocación privada de 20 millones de dólares estadounidenses en notas convertibles no garantizadas. Las notas tienen una tasa de interés anual del 6,0% y están sujetas a un período de retención de cuatro meses que finaliza el 7 de septiembre de 2025, en cumplimiento con las regulaciones canadienses de valores. La compañía destacó que no se emitieron valores como bonificaciones, comisiones para intermediarios o comisiones en relación con esta colocación privada.

Lumina Gold Corp (OTCQB: LMGDF)는 2,000만 달러 규모의 무담보 전환사채 사모 발행을 성공적으로 완료했습니다. 해당 사채는 연 6.0% 이자율이 적용되며, 캐나다 증권 규정을 준수하여 2025년 9월 7일까지 4개월간의 보호예수 기간이 있습니다. 회사는 이번 사모 발행과 관련하여 보너스, 소개 수수료 또는 커미션으로 발행된 증권이 없음을 강조했습니다.

Lumina Gold Corp (OTCQB : LMGDF) a réussi un placement privé de 20 millions de dollars américains en billets convertibles non garantis. Ces billets portent un taux d'intérêt annuel de 6,0 % et sont soumis à une période de blocage de quatre mois se terminant le 7 septembre 2025, conformément à la réglementation canadienne sur les valeurs mobilières. La société a souligné qu'aucun titre n'a été émis sous forme de bonus, frais d'intermédiaire ou commissions en lien avec ce placement privé.

Lumina Gold Corp (OTCQB: LMGDF) hat erfolgreich eine Privatplatzierung von 20 Millionen US-Dollar in unbesicherten Wandelanleihen abgeschlossen. Die Anleihen tragen einen jährlichen Zinssatz von 6,0% und unterliegen einer viermonatigen Haltefrist, die am 7. September 2025 endet, gemäß den kanadischen Wertpapierbestimmungen. Das Unternehmen betonte, dass im Zusammenhang mit dieser Privatplatzierung keine Wertpapiere als Boni, Vermittlungsgebühren oder Provisionen ausgegeben wurden.

Positive
  • Raised US$20 million in additional capital through convertible notes
  • No additional fees or commissions were paid for the placement
Negative
  • Potential future dilution for shareholders upon note conversion
  • Added debt with 6.0% interest expense to the balance sheet

VANCOUVER, BC, May 6, 2025 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that, further to its news release dated April 21, 2025, it has closed the private placement (the "Private Placement") issuance of an aggregate principal amount of US$20 million unsecured convertible notes (the "Notes") bearing interest at a rate of 6.0% per annum.

The Notes and any securities issuable upon conversion are subject to a four month hold period expiring on September 7, 2025 in accordance with applicable Canadian securities laws. No securities have or will be issued as bonuses, finder's fees or commissions in connection with the Private Placement.

About Lumina Gold

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based exploration company focused on the Cangrejos project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for the Project, 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 sign up at https://luminagold.com/contact.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumina-gold-closes-us20-million-convertible-debt-private-placement-302447559.html

SOURCE Lumina Gold Corp.

FAQ

What is the size and interest rate of LMGDF's convertible note placement?

Lumina Gold's convertible note placement is US$20 million with a 6.0% annual interest rate.

When does the hold period for LMGDF's convertible notes expire?

The hold period for Lumina Gold's convertible notes expires on September 7, 2025.

Did Lumina Gold pay any finder's fees for the US$20M private placement?

No, Lumina Gold did not issue any securities as bonuses, finder's fees, or commissions for the private placement.

What type of securities did LMGDF issue in the May 2025 private placement?

Lumina Gold issued unsecured convertible notes in the private placement.
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