On May 16, 2023, Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company" or “Lumina") announced 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. in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador (the Project) 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 and US$252 million of construction funding.
BLG represented Lumina with a team led by Fred R. Pletcher that included Michael Waters, Julie Bogle and George Collister (Mining and Corporate Commercial), Morphy-Randy (Tax) and Elly Seddon (FSG).
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