…if it does it won’t get the 62.5k oz gold penalty payout when LGC fails to deliver the promised production upgrade next year. Also, because Nolan’s already wasted far too much money on Brazil already. So who wants a badly run, overhyped, unprofitable gold mine in a place that rains too much? Anyone? Any offers? Pierre?
VANCOUVER, BC–(Marketwired – October 09, 2014) – Luna Gold Corp. (LGC.TO)(LGC.TO)(LGCUF) (“Luna” or the “Corporation”) today announced that it has established a Special Committee comprised of independent members of the Luna Board of Directors with a mandate to explore all strategic alternatives, including the terms thereof, available to the Corporation to offer greater value to the Corporation’s shareholders. The Special Committee will evaluate proposals and other alternatives and will provide advice and make recommendations to the Corporation’s Board of Directors regarding any such potential transactions.