Lumina Gold Corp (TSX-V:LUM, OTCQX:LMGDF) reports the conversion of C$15.3 million debt into common shares at C$0.42 per share by Ross Beaty, increasing his ownership in the company to 27.7%. As a result, Beaty has been issued 36,484,604 common shares of Lumina, bringing his ownership in the company to 27.7%.