VANCOUVER, Jan. 16 /CNW/ - Luna Gold Corp. (TSXV-LGC) ("Luna" or the
"Company") is pleased to announce that it has hired Martin Reid as the
Company's new Chief Financial Officer ("CFO").
Tim Searcy, Luna's President, comments: "Mr. Reid is an excellent
addition to Luna's executive team. His experience working in the finance
departments of world class gold companies such as Barrick and Placer Dome will
be invaluable to us as we look to finance and develop the Aurizona project."
Mr. Reid brings more than 10 years of Treasury/Finance experience. Over
the course of his career, he has held positions of increasing levels of
responsibility, and was most recently Director of Treasury for Barrick Gold
Corporation. He joined Barrick in 2006 after spending six years at Placer Dome
in the Treasury and Finance departments. He brings a strong understanding of
treasury and risk management, and has participated in over $500 million of
straight and convertible debt offerings.
Mr. Reid has a Bachelor of Mathematics from the University of Montreal
and an MBA from Simon Fraser University in British Columbia. Mr. Reid will
begin his new role with Luna Gold Corp. immediately.
In addition the Company will be granting Mr. Reid 350,000 incentive stock
options at a price of $1.23 per share, exercisable on or before January 16,
2013. These options will vest on the basis of 20% every 3 months.
Luna would like to thank the outgoing CFO, Marcel deGroot, for his
efforts in advancing the company and it is pleased to note that Mr. deGroot
will keep a close involvement with the company by maintaining his director's
About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition,
exploration, and development of gold resources and advanced stage gold
exploration projects in northeastern Brazil.
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