VANCOUVER, BC, Nov. 18,
2022 /CNW/ - Lumina Gold Corp. (TSXV: LUM)
(OTCQX: LMGDF) (the "Company" or "Lumina") announces that it
has granted incentive stock options under the Company's stock
option plan to certain directors, officers, employees and
consultants of the Company to purchase up to an aggregate of
9,255,000 common shares of the Company. The options are exercisable
at a price of $0.405 per share and
will expire on November 18, 2027.
9,130,000 of the options will vest in three equal parts over the
first two years after grant and 125,000 options (the "First Globe
Options") will vest in four equal parts over the first two years
after grant.
Additionally, the Company has renewed its agreement with First
Globe Capital International Inc. ("First Globe") that was announced
on December 30, 2016, for an
additional 12 months. First Globe is based out of Vancouver, British Columbia, and is owned by
Anish Sunderji. First Globe provides
institutional fundraising and advisory services to its clients. The
Company has compensated First Globe for its services by granting
the First Globe Options described above. In addition, the Company
has also agreed to reimburse First Globe for its reasonable
incidental expenses incurred in providing the investor relation
services to the Company. First Globe does not otherwise have any
relationship with or hold any securities of the Company, except for
previously granted stock options.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base
metals exploration and development company focused on the Cangrejos
Gold-Copper Project located in El Oro Province, southwest
Ecuador. Cangrejos is being
advanced to a Pre-Feasibility Study and 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
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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.
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SOURCE Lumina Gold Corp.