VANCOUVER, June 29 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce the closing of a non-brokered private
placement of 9,510,091 Units as announced on June 20, 2007, for gross proceeds
of $5,230,550. Each Unit consist of one common share and one-half of one share
purchase warrant and each whole warrant entitles the holder to purchase one
common share at a price of $0.85 for a period of eighteen months.
The common shares issued pursuant to the Private Placement are subject to
a four month hold period expiring on October 29, 2007.
A cash finder's fee in the aggregate of $82,025 was paid to various
parties for introducing investors to the Company.
About Luna Gold Corp
Luna is a mining exploration company with a focus on gold development in
Brazil and gold exploration in Nevada.
On behalf of the Board of Directors
LUNA GOLD CORP.
Tim Searcy, P. Geo. - President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended or any state securities laws and may not be offered or
sold within the United States or to U.S. persons unless registered under the
United States Securities Act of 1933 and applicable state securities laws or
an exemption from such registration is available.
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific factors
identified in Luna Gold Corp.'s periodic filings with Canadian Securities
Regulators. Such forward-looking information represents management's best
judgment based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary materially.
Luna Gold does not assume the obligation to update any forward-looking
For further information:
For further information: Investor Relations at (604) 689-7317 or toll
free at 1-866-689-7317