Lumina Gold Corp. and CMOC Singapore Pte. Ltd., a Singapore entity and a subsidiary of CMOC Group Limited , both of which are arm's length to the Company, are pleased to announce that they have entered into an arrangement agreement , pursuant to which CMOC will acquire all of the issued and outstanding common shares of Lumina , in exchange for C$1.27 per Lumina Share in an all-cash transaction by way of a plan of [...]
Lumina Gold Corp. is pleased to announce that under the previously announced US$300 million precious metals purchase agreement with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. , the Company has drawn the final installment of US$3.1 million from the Early Deposit . The draw is related to specific pre-construction acquisition transactions. Wheaton has now advanced a [...]
Lumina Gold Corp. is pleased to announce significant progress regarding power infrastructure required for the Cangrejos gold-copper project . The Company received approval of the definitive feasibility level designs for connection to the national grid for the future energy demand of the Project from Corporación Eléctrica del Ecuador on January 15, 2025. The designs include two transformers at the La Avanzada substation [...]
Lumina Gold Corp. is pleased to announce that it has received notice of the passing of a resolution by the Government of Ecuador's Strategic Committee for the Promotion and Attraction of Investments to extend its existing Exploration Investment Protection Agreement to include spending from 2010 up until the end of 2024. The increased amount of investment protected by the agreement is US$79 million. The addendum to the [...]
Lumina Gold Corp. is pleased to announce that under the previously announced US$300 million precious metals purchase agreement 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 [...]
VANCOUVER, BC, Nov. 26, 2024 /CNW/ - Lumina Gold Corp. is pleased to announce that it has completed negotiating the terms of the Exploitation Contract with the Government of Ecuador and signed a binding term sheet in preparation for the finalization of the Exploitation Contract for its 100% owned Cangrejos project , located in southwest in Ecuador. Marshall Koval, CEO & Director commented: "This is a major step for the [...]
VANCOUVER, BC, Nov. 22, 2024 /CNW/ - Lumina Gold Corp. announces that it has granted incentive stock options and restricted share units under the Company's Omnibus Equity Incentive Plan to certain directors, officers, employees and consultants of the Company. 7,805,000 stock options were granted and have an exercise price of $0.49 per share and will expire on November 22, 2029. 7,680,000 of the options will vest in three [...]
VANCOUVER, BC, Nov. 21, 2024 /CNW/ - Lumina Gold Corp. is pleased to announce that the Ministry of Energy and Mines of Ecuador has extended the Los Cangrejos mining concession until 2049. This decision by the Government of Ecuador creates positive conditions to continue the investment plans for Cangrejos. The Company can apply for another 25-year extension beyond 2049. The Company continues to execute its plans to advance [...]
/Not for distribution to United States newswire services or for dissemination in the United States./ Drummond Ventures Corp. and Elton Resources Corp. , a corporation incorporated under the laws of the Province of British Columbia, are pleased to announce that further to Drummond's press release dated September 9, 2024, Drummond, Elton and 1230507 B.C. Ltd. , a wholly owned subsidiary of Drummond, have entered into a [...]
Lumina Gold Corp. is pleased to announce the results of its annual general and special meeting of shareholders held on October 29, 2024 in Vancouver . Lumina's shareholders voted in favour of each of the matters considered at the Meeting, including: Electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann, Stephen Stow and Heye Daun as directors of the Company to hold office for the ensuing year [...]
Lumina Gold Corp. is pleased to announce that under the previously announced US$300 million precious metals purchase agreement with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. , the Company has drawn an additional installment of US$10.2 million. The draw consisted of two tranches, US$9 million which was due twelve months after the initial draw in May 2023 and [...]
Lumina Gold CEO Marshall Koval joined Steve Darling from Proactive to provide an insightful update on the progress of the Feasibility Study for its Cangrejos gold-copper project in southwest Ecuador, in collaboration with Ausenco Engineering Canada and other key stakeholders. According to Koval, the consulting team has been diligently conducting field operations at Cangrejos, meeting the necessary milestones to finalize [...]
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