VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2016) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Lumina Gold Corp. ("Lumina") (TSX VENTURE:LUM) is pleased to announce that it has completed its non-brokered
private placement (the "Private Placement") of common shares in the capital of Lumina (the
"Shares") previously announced in Lumina's news release dated November 22, 2016. Lumina issued 28,571,428 Shares
at a price per Share of $0.70 for gross proceeds of approximately CDN $20 million.
The net proceeds of the Private Placement will be used to advance exploration of Lumina's properties and for general working
capital purposes.
Shares issued under the Private Placement will be subject to a four month hold period ended April 14, 2017. Shares issued
outside of Canada will also be subject to restrictions on resale pursuant to applicable securities laws. Finder's fees of 4% of
the proceeds from certain subscribers were paid to Haywood Securities Inc., Trimark Trading and Vandamme Invest.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold to persons in the United States absent registration or an exemption from such
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
LUMINA GOLD CORP.
Marshall Koval, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
The foregoing information contains forward-looking statements regarding Lumina's future plans. In making the forward-looking
statements in this release, Lumina has applied certain factors and assumptions that are based on information currently available
to Lumina as well as Lumina's current beliefs and assumptions made by Lumina, including the anticipated use of proceeds from the
Private Placement. Although Lumina considers these beliefs and assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such
forward-looking statements. Such risk factors include, among others, risks associated with the business of Lumina and that Lumina
may need to expend the proceeds from the Private Placement in a manner not currently contemplated. Although Lumina has attempted
to identify important factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Lumina does
not undertake to update any forward-looking information, except in accordance with applicable securities laws.