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Lumina Gold Corp(LUM-X)
TSX Venture

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Lumina Gold Announces a C$10.0 Million Unsecured Credit Facility with Ross Beaty and Provides Project Update

Newswire.ca - Wed Jul 6, 2022

VANCOUVER, BC, July 6, 2022 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) ("Lumina" or the "Company") is pleased to announce that it has entered into an agreement with the Company's largest shareholder, Ross Beaty to establish a C$10.0 million unsecured credit facility (the "Facility"). The Facility will provide short-term financing for remaining drilling costs, Pre-feasibility Study costs, and general corporate and working capital purposes. The Facility bears interest of 10.0% per annum and matures on the earlier of: (i) July 5, 2023, (ii) two business days after the Company receives aggregate gross proceeds from one or more equity financings in excess of C$15.0 million; or (iii) the date of a change of control of the Company, at which time it must be repaid in full.

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