Lumina Gold Corp (LMGDF)
OTCQX OTCQX Primary Summary
Lumina Gold to be acquired by CMOC in all-cash deal worth C$581M
Lumina Gold Corp (TSX-V:LUM, OTCQB:LMGDF) announced on Monday that it has agreed to be acquired by CMOC Singapore, a subsidiary of CMOC Group Ltd, in an all-cash deal worth approximately C$581 million. Under the terms of the arrangement, CMOC will acquire all issued and outstanding shares of Lumina at C$1.27 per share, representing a 71% premium to Lumina's 20-day volume weighted average trading price and a 41% premium to the company's closing price on April 17.
Lumina Gold eyes improved throughput at Cangrejos project as it progresses feasibility study
Lumina Gold Corp (TSX-V:LUM, OTCQB:LMGDF) aims to complete a feasibility study for its Cangrejos gold-copper project in Ecuador by the second quarter of 2025, a key step in bringing the project into production. CEO Marshall Koval joined Proactive to provide an update on the progress made on the feasibility study as well as the company's other efforts to advance the project.
Lumina Gold says on track for Cangrejos feasibility study by mid-2025
Lumina Gold Corp (TSX-V:LUM, OTCQB:LMGDF) has announced progress towards an upcoming feasibility study for the Cangrejos gold-copper project in southwest Ecuador. The gold-focused company said it is targeting completion by the second quarter of 2025.
