VANCOUVER, June 19 /CNW/ - Luna Gold Corp. (TSXV-LGC, OTCBB-LGCU) (the
"Company") today announced that it has filed a Form 15 with the United States
Securities and Exchange Commission (the "SEC") to voluntarily deregister its
shares of common stock under Section 12(g) of the United States Securities Act
of 1933, as amended, as the Company has fewer than 300 U.S. holders of record.
Upon the filing of the Form 15, the Company's obligation to file certain
reports with the SEC, including Forms 20-F and 6-K, will immediately be
suspended. The Company expects that the deregistration of its common stock
will become effective 90 days after the date of filing of the Form 15 with the
SEC. The Company understands that its common stock will no longer be eligible
for trading on the OTC Bulletin Board in the United States, however, the
shares will continue to trade on the TSX Venture Exchange in Canada.
Tim Searcy, the Company's President and CEO stated, "After carefully
considering the advantages and disadvantages of continuing as a registered
company in the United States, our board of directors unanimously determined to
deregister the Company in light of the costs associated with being a U.S.
public company, including compliance and administration burdens."
About Luna Gold Corp
Luna Gold 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: contact Investor Relations at (604) 689-7317 or
toll free at 1-866-689-7317