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Last C$0.24 CAD
Change Today 0.00 / 0.00%
Volume 97.3K
LGC On Other Exchanges
Symbol
Exchange
OTC US
Toronto
Frankfurt
As of 4:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

luna gold corp (LGC) Snapshot

Open
C$0.24
Previous Close
C$0.24
Day High
C$0.24
Day Low
C$0.24
52 Week High
07/11/14 - C$1.34
52 Week Low
03/26/15 - C$0.21
Market Cap
34.0M
Average Volume 10 Days
111.2K
EPS TTM
C$-0.26
Shares Outstanding
141.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LUNA GOLD CORP (LGC)

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luna gold corp (LGC) Details

Luna Gold Corp. is engaged in the acquisition, exploration, development, and operation of gold properties in Brazil. Its principal project, the Aurizona project comprises 1 mining license and 3 exploration permits covering an area of approximately 15,500 hectares located in Maranhao, Brazil. The company also holds interest in the Luna Greenfields exploration property, which covers an area of approximately 220,000 hectares in Brazil. The company was formerly known as wwbroadcast.net, Inc. and changed its name to Luna Gold Corp. in August 2003. Luna Gold Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada.

Founded in 1986

luna gold corp (LGC) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $228.4K
Vice President of Corporate Development
Total Annual Compensation: $193.9K
Consultant
Total Annual Compensation: $387.8K
Compensation as of Fiscal Year 2013.

luna gold corp (LGC) Key Developments

Luna Gold Corp. Announces Restructuring of Sandstorm Stream Agreement

Luna Gold Corp. announced that the company has signed a Letter of Intent with Sandstorm Gold Ltd. outlining restructuring of its gold stream and debt facility agreement. Sandstorm currently holds a 17% gold stream on Luna's Aurizona project in Brazil and has a debt facility outstanding to Luna with a principal amount of USD 20 million. The proposed restructuring is subject to a number of conditions, including a concurrent equity raise with gross proceeds to Luna of at least CAD 20 million, regulatory approvals such as the approval of the Toronto Stock Exchange, the approval of Luna's shareholders, and the negotiation and execution of definitive agreements for the proposed restructuring. Until the conditions are satisfied there can be no assurances that the proposed restructuring will be completed. Under the existing Sandstorm debt facility amendment, the maturity date of the debt facility would be extended from June 30, 2017 to June 30, 2021, the interest rate would be revised to 5% per annum, payable in cash on the maturity date, and Luna would be subject to a default rate of interest equal to 10% per annum.

Luna Gold Corp. Announces Forbearance Agreement

Luna Gold Corp. announced that it has entered into a forbearance agreement with Société Générale, Mizhuho Bank Ltd. and the other parties to the Company's February 15, 2013 credit agreement, as amended, in connection with the Company not being in compliance with certain covenants under the Credit Agreement. Under the terms of the Forbearance Agreement, the Finance Parties will refrain from exercising any rights or remedies that they may have under the Credit Agreement or otherwise in respect of the Com pany's covenant breach and any subsequent default by the Company until May 1, 2015, unless a breach of the Forbearance Agreement occurs. If Luna remains in default under its covenants under the Credit Agreement and the Forbearance Agreement is not extended, the Finance Parties would be entitled to exercise any of their rights under the Credit Agreement. There can be no assurances that the Company will remedy the default or extend the forbearance. As compensation for their forbearance, the Company must pay the Finance Parties a fee of $100,000 and apply approximately $6,700,000 in cash held in a reserve account in part to the outstanding principal amount owed under the Credit Agreement and in part as security for outstanding obligations under the related hedge agreements.

Luna Gold Corp., Q4 2014 Earnings Call, Mar 16, 2015

Luna Gold Corp., Q4 2014 Earnings Call, Mar 16, 2015

 

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