Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals

Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The

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Luna Gold

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Comment by mork10on Feb 20, 2012 5:51pm

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Post# 19558676

RE: RE: Reverse split 5:1

The main reason for the reverse split if for the S/P to rise above $ 1.0. Many institutional funds are not allowed to invest in so called "penny stocks". a $ 3.0 S/P will eliminate that impediment. I understand as well that Luna will apply shortly after that to a TSE Listing. The TSE has more stringent reporting requirements then the VSE and therefore is more appealing to institutional funds.

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