VANCOUVER, BC, Dec. 18,
2023 /CNW/ - Lumina Gold Corp. (TSXV: LUM)
(OTCQB: LMGDF) (the "Company" or "Lumina") announces that it
has granted incentive stock options and restricted share units
("RSU's") under the Company's Omnibus Equity Incentive Plan to
certain directors, officers, employees and consultants of the
Company. 5,635,000 stock options were granted and have an exercise
price of $0.33 per share and will
expire on December 18, 2028.
5,510,000 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. 3,500,000 RSUs were granted and will vest in equal
parts over three years.
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
marketing 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. In 2023, the Company
completed a Pre-Feasibility Study for Cangrejos, 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
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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.
