VANCOUVER, BC, Nov. 22, 2024 – Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the “Company” or “Lumina”) announced the granting of incentive stock options and restricted share units (RSUs) under its Omnibus Equity Incentive Plan to certain directors, officers, employees, and consultants. A total of 7,805,000 stock options were issued, each with a $0.49 exercise price and an expiry date of November 22, 2029. 7,680,000 options vest in three equal installments over two years, while 125,000 (the “First Globe Options”) vest in four equal installments over two years. Additionally, 3,290,000 RSUs were granted, vesting equally over three years.
The Company also extended its agreement with First Globe Capital International Inc. (“First Globe”) for another 12 months, renewing a contract initially announced on December 30, 2016. First Globe, a Vancouver, British Columbia-based firm owned by Anish Sunderji, provides marketing and advisory services. Compensation for these services includes the First Globe Options mentioned above, plus reimbursement for reasonable incidental expenses. First Globe has no other relationship with Lumina and holds no securities beyond the previously granted options.
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 in El Oro Province, southwest Ecuador. In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, Ecuador‘s largest primary gold deposit. Lumina boasts an experienced management team with a proven track record in advancing and monetizing exploration projects.
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LUMINA GOLD CORP.
Signed: “Marshall Koval”
Marshall Koval, President & CEO, Director
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SOURCE Lumina Gold Corp.