In This Article:
VANCOUVER, BC, April 17, 2025 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"), the Company has drawn the final installment of US$3.1 million (the "Final Installment") from the Early Deposit (as defined in the PMPA). The draw is related to specific pre-construction acquisition transactions. Wheaton has now advanced a total of US$48 million to Lumina. The remaining US$252 million under the PMPA will be advanced once specific conditions allowing for the start of construction have been met.
The PMPA has been amended (the "Amendment") to provide more flexibility to Lumina in connection with certain pre-construction acquisition transactions. Under the Amendment, among other things, Lumina has until December 31, 2025, to spend the Final Installment on qualifying transactions. Any portion of the Final Installment not spent by December 31, 2025 must be returned to Wheaton.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos gold-copper project located in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.
Follow us on: Twitter, LinkedIn or Facebook.
Further details are available on the Company's website at https://luminagold.com. To receive future news releases please sign up at https://luminagold.com/contact.
| LUMINA GOLD CORP. | |
| | : |
| Signed: "Marshall Koval" | |
| | |
| Marshall Koval, President & CEO, Director | |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the Company's ability to spend the US$3.1 million prior to December 31, 2025, the return of any unspent funds to Wheaton and the advance of US$252 million if specific conditions are met. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.