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"Odin Mining and Exploration Ltd is a precious and base metals exploration and development company. It is engaged in the acquisition, exploration and development of mineral resources in Ecuador. Its project includes Cangrejos project."

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ODIN MINING AND EXPLORATION LTD > Lumina Gold Announces US$300M Metals Streaming Agreement

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Post by Betteryear2 on May 16, 2023 9:05pm

Lumina Gold Announces US$300M Metals Streaming Agreement

VANCOUVER, BC, May 16, 2023 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce that it entered into a precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton") in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the "Project" or "Cangrejos") on May 16, 2023. The Gold Stream initially represents 6.6% of the payable gold produced from the Project in exchange for US$48 million of pre-construction funding (the "Early Deposit") and US$252 million of construction funding (the "Upfront Payment").

Lumina Gold Announces US$300 Million Metals Streaming Agreement with Wheaton Precious Metals (prnewswire.com)

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