Luna Gold Corp. (TSX:LGC)(LGC.TO)(OTCQX:LGCUF) (“Luna” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they have agreed to purchase, on a bought deal basis, 16,950,000 common shares (the “Shares”) at a price of $1.18 per share for gross proceeds to the Corporation of approximately $20 million (the “Offering”). The Offering will be conducted through a syndicate of underwriters co-led by Cormark Securities Inc. and Canaccord Genuity Corp.
The net proceeds of the Offering will be etc etc here
And that’s a serious discount to market.
The last time this thing traded at $1.18 was July 17th last year.