Lumina Gold Corp (TSX-V:LUM, OTCQX:LMGDF) CEO Marshall Koval joined Steve Darling from Proactive to share news the company has closed a private placement financing raising approximately 19 million dollars. Koval also shared the Company also converted 5.2M of their existing credit facility with Ross Beaty into Shares.
Koval says that conversion takes Ross Beaty from a 19.79% ownership stake to a 19.98% ownership stake. Koval shares they plan on using that capital for infill drilling, step-out drilling and Pre-Feasibility work at its Cangrejos project.