Luna Gold LGCUD

Luna hires adviser, legal counsel for strategic review

[davgro]

LUNA GOLD ANNOUNCES RETENTION OF SPECIAL COMMITTEE ADVISORS

The special committee of Luna Gold Corp.'s board of directors has engaged Canaccord Genuity Corp. as its financial adviser to assist in its evaluation of proposals and strategic alternatives available to the corporation. The special committee has also engaged Blake, Cassels & Graydon LLP as its legal counsel. The special committee, comprising independent members of the Luna board of directors, was established with a mandate to explore all strategic alternatives, including the terms thereof, available to the corporation to offer greater value to the corporation's shareholders, and to provide advice and make recommendations to the corporation's board of directors in respect of such potential transactions. There can be no assurance that this exploration process will result in any transaction.

I wish management would stop making press releases as to how they are exploring "strategic alternatives" to offer greater value to shareholders.

Not even sure if yesterday's press release had any material substance that warranted a press release.  It did serve to knock the share price back down again today.

Thank you again Mr. Kirk for maximizing my investment return in Luna Gold.