Tuesday, February 21, 2017

Luna Gold Corp.- LGC.t

Luna Gold Corp.- LGC.t and JDL Gold (TSX-V: JDL) have announced an agreement to combine their businesses. The combined company intends to change its name to Trek Mining Inc. and expects to trade on the TSX-V under the ticker symbol “TREK”.

The combined company will have near-term production from the Aurizona gold project in Brazil and increasing gold production from milling operations at the Koricancha Mill in Peru.

On February 14, 2017 the company released News

JDL Gold Corp. (TSX-V: JDL) (“JDL”) and Luna Gold Corp. (TSX: LGC) (“Luna Gold”) are pleased to announce that in connection with the business combination and private placement financing announced on February 1, 2017, JDL has entered into an agreement with Haywood Securities Inc. and National Bank Financial Inc., on behalf of a syndicate of underwriters, for a bought deal private placement of subscription receipts for gross proceeds of C$15 million.

The Company has also granted the Underwriters an option, exercisable in whole or in part up to 48 hours prior to the closing of the offering, to purchase up to an additional 2,500,000 subscription receipts for additional gross proceeds of up to C$5 million. In addition, due to substantial demand, the previously announced non-brokered private placement of subscription receipts has been increased to up to C$50 million