VANCOUVER, BC, Nov. 25, 2020 /CNW/ - Lumina Gold
Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or
"Lumina") announces that it has granted incentive stock
options under the Company's stock option plan to certain directors,
officers, employees and consultants of the Company to purchase up
to an aggregate of 4,915,000 common shares of the Company. The
options are exercisable at a price of $0.75 per share and will expire on November 25, 2025. 4,790,000 of the options will
vest in three equal parts over the first two years after grant and
125,000 options (the "First Globe Options") will vest in four equal
parts over the first two years after grant.
Additionally, the Company has renewed its agreement with First
Globe Capital International Inc. ("First Globe") that was announced
on December 30, 2016, for an
additional 12 months. First Globe is based out of Vancouver, British Columbia, and is owned by
Anish Sunderji. First Globe provides
institutional fundraising and advisory services to its clients. The
Company has compensated First Globe for its services by granting
the First Globe Options described above. In addition, the Company
has also agreed to reimburse First Globe for its reasonable
incidental expenses incurred in providing the investor relation
services to the Company. First Globe does not otherwise have any
relationship with or hold any securities of the Company, except for
previously granted stock options.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base
metals exploration and development company focused on the Cangrejos
Gold-Copper Project located in El Oro Province, southwest
Ecuador. Lumina has an experienced
management team with a successful track record of advancing and
monetizing exploration projects.
Further details are available on the Company's website
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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.
SOURCE Lumina Gold Corp.