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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


OTCPK:LGCUD - Post by User

Luna Gold > September 25, 2016 - Luna likely to get a few million $`s
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Comment by production05on Sep 26, 2016 4:37pm
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RE:September 25, 2016 - Luna likely to get a few million $`s

RE:September 25, 2016 - Luna likely to get a few million $`sThe payment came through today. It is currently valued at Cdn $10 million. The value could go up further if the share price of Brazil Resources (BRI) continues to rise (prior to Luna selling the shares).

3,093,057 Brazil Resources shares * $3.10 current BRI share price + $300K Cash = $9.9 million

https://www.newswire.ca/news-releases/brazil-resources-completes-final-milestone-payments-for-the-cachoeira-gold-project-and-provides-an-update-on-brazilian-gold-projects-594857091.html


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