Luna Gold Corp

Published : February 24th, 2012

Announces Effective Date Of Share Consolidation

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Keywords :   Brazil | Canada | Gold | Gold Mine |

News Release Friday, February 24, 2012

Luna Gold Announces Effective Date Of Share Consolidation


Vancouver, February 24, 2012 - Luna Gold Corp. (TSXV-LGC/BVL-LGC) ("Luna Gold" or the "Company") announces that, further to its press release of February 14, 2012, the Company has filed Articles of Amendment with the Director appointed under the Canada Business Corporations Act to give effect to the consolidation of the Company's common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the "Consolidation"). The shareholders of the Company authorized the Consolidation at the shareholder's meeting held on February 14, 2012 and the Company's post-consolidation Common Shares will be posted for trading on the TSX Venture Exchange ("TSXV") at the opening on Friday, February 24, 2012 under the current symbol "LGC" and new CUSIP number 550344303.

The 522,602,895 Common Shares issued and outstanding prior to the Consolidation have been consolidated to approximately 104,520,579 Common Shares. In the event the Consolidation would otherwise result in a fractional Common Share, such fraction of a Common Share will be rounded down to the nearest whole number. The Company's currently outstanding non-listed warrants (the "Non-Listed Warrants") and stock options will be adjusted on the same basis. There are currently 6,859,221 Non-Listed Warrants and 40,600,282 listed warrants (the "Listed Warrants") issued and outstanding. Following the Consolidation, each five (5) Non-Listed Warrants will entitle the holder to purchase one post-consolidation Common Share at an aggregate exercise price of CA$5.00 per post-consolidation Common Share and each five (5) Listed Warrants will entitle the holder to purchase one post-consolidation Common Share at an aggregate exercise price of CA$3.50 per post-consolidation Common Share. Both the Non-Listed Warrants and the Listed Warrants are exercisable at any time until September 29, 2013. The Company's Listed Warrants will continue to be traded on the TSXV under the symbol "LGC.WT" In accordance with the terms of the Warrant Indentures governing both the Non-Listed and the Listed Warrants, notice of the Consolidation has been sent to all holders of these warrants.

The Company has mailed letters of transmittal to the registered holders of its Common Shares, requesting that they forward their pre-consolidation Common Share certificates to the Company's transfer agent, Computershare Investor Services Inc., for exchange for new Common Share certificates representing their Common Shares on a post-consolidation basis.


About Luna Gold Corp.

Luna Gold is actively engaged in the operation, exploration, acquisition and development of gold opportunities in Brazil. The Company currently has a gold mining operation, Aurizona Gold Mine in Maranh�o, Brazil, a gold development project, the Cachoeira project in Para, Brazil and the Company is exploring in a large strategically placed greenfields land position in Maranh�o, Brazil.

On behalf of the Board of Directors

LUNA GOLD CORP.

John Blake - President and CEO


Website: www.lunagold.com
For further information contact Investor Relations at (604) 558 0560

NEITHER 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 RELEASE.

You can also view this News Release on our website at:
http://www.lunagold.com/s/NewsReleases.asp?ReportID=508955
 
 

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Luna Gold Corp

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Luna Gold is a gold exploration company based in Canada.

Luna Gold holds various exploration projects in Brazil.

Its main asset in development is AURIZONA in Brazil and its main exploration properties are AURIZONA and CACHOEIRA in Brazil.

Luna Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 262.6 millions as of today (US$ 193.1 millions, € 173.6 millions).

Its stock quote reached its highest recent level on March 23, 2012 at CA$ 3.30, and its lowest recent point on May 20, 2022 at CA$ 0.03.

Luna Gold has 104 640 000 shares outstanding.

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7/26/2011Announces The Closing of a US $30 Million Senior Secured Cre...
7/21/2011Enters Into Debt Amendment Agreement With Eldorado and Brasc...
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7/9/2009Appoints New Director & Engages Up Communications
Financials of Luna Gold Corp
11/13/2012. Announces Results for the Third Quarter of 2012
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1/9/2013Announces Record Production of Over 74,000 Ounces in 2012
12/8/2011(Aurizona)Announces Major Resource Update at Aurizona
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7/25/2011(Aurizona)Drills 19.00 Meters @ 4.67 g/t Au and 53.00 Meters @ 2.09 g/...
7/5/2011Q2 Production Update
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2/16/2011Intersects 81.50 Meters @ 1.18 G/T Au Including 2.04 Meters ...
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2/9/2011(Aurizona)Announces Commercial Production at Aurizona
5/21/2010(Aurizona)Announces Full Process Commissioning And Commencement Of Gol...
1/13/2010(Aurizona)Provides a Development Update on its Aurizona Gold Project
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9/20/2012Conditionally Approved to Graduate to the TSX
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3/2/2012Reports Operational and Financial Results for the Three Mont...
2/24/2012Announces Effective Date Of Share Consolidation
2/14/2012Announces Shareholder Approval of Share Consolidation
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12/22/2011Announces Proposed Share Consolidation
11/29/2011(Aurizona)Drills 23.00 Metres @ 4.04 g/t Au Including 6.00 Metres @ 12...
10/13/2011Announces Exercise of Over-Allotment Option
10/7/2011(Aurizona)Aurizona Gold Mine Third Quarter Production Update
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8/3/2011Announces the Addition of Augusto Baertl as Advisor to Manag...
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3/15/2011(Aurizona)Drills 19.00 m @ 1.45 g/t Au and 2.00 m @ 130.45 g/t Au at A...
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2/5/2010Named as Part of 2010 TSX Venture 50
10/15/2009Acceptance Of An Offer Of Finance For A US$15 Million Projec...
10/21/2009Launches New Website
10/19/2009Announces Release of Funds and Shares from Escrow
9/30/2009Provides Development Update
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7/27/2009Names Dr. J. David Lowell And Geoff Loudon As Advisors To Th...
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1/6/2009Renegotiates Aurizon Goldfields Share Purchase Agreement
12/12/2008Renegotiates Earn-In Terms For The Cachoeira Project
12/8/2008Intercepts 21.45 M Of 5.87 G/T Au Including 7.95 M Of 14.96 ...
9/8/2008Intercepts 20.00 M Of 9.04 G/T Au Including 6.00 M Of 27.72 ...
6/26/2008Intercepts 6.00 M Of 12.58 G/T At The CachoeiraGold Project=...
5/21/2008Nominates Dr. Thomas O'Neil For The Board Of Directors
5/15/2008Nominates Mr. Nolan Watson for Board of Directors
3/4/2008 Awards 6,000 Meter Drill Contract and Provides Exploration ...
2/25/2008Awarded Major Landholding In The Aurizona Gold Belt, Brazil
1/16/2008Hires Chief Financial Officer
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