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Heritage Mining Ltd. Announces Closing of the Second and Final Tranche of its Non-Brokered Private Placement of Units and Flow-Through Units
VANCOUVER, BC TheNewswire - April 22, 2025 Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce that it has closed the second and final tranche (" Tranche Two ") of its non-brokered private placement financing (the " Offering ") previously announced on April 7, 2025 and March 7, 2025.
The Company raised an aggregate of $232,500.00 pursuant to Tranche Two, of which $182,500.00 was raised on the issuance of 3,650,000 units (" Units ") and $50,000.00 was raised on the issuance of 1,000,000 flow-through units (" FT Units "), for total gross proceeds of $1,028,500.00 from the Offering. Each Unit was issued at a price per Unit of $0.05 and is comprised of one common share in the capital of the Company (" Common Share ") and one Common Share purchase warrant entitling the holder to acquire one Common Share for a period of 60 months from issuance at an exercise price of $0.10 (" Warrant "). Each FT Unit was issued at a price per FT Unit of $0.05 and is comprised of one Common Share which will qualify as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada) and one Warrant.
The Warrants are subject to an accelerated expiry option whereby the Company can trigger an accelerated 30-day expiry of the Warrants if the closing price of the Company's Common Shares listed on the Canadian Securities Exchange (the " CSE ") remain higher than $1.00 for 10 consecutive trading days. On the 10th consecutive trading day above $1.00 (the " Acceleration Trigger Date "), the Expiry Time may be accelerated to 30 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration, within two trading days of the Acceleration Trigger Date.
The Company paid an aggregate $1,450 in cash commissions and issued an aggregate of 28,000 compensation warrants (the " Compensation Warrants ") in connection with Tranche Three. Each Compensation Warrant entitles the holder to acquire one Common Share for a period of 36 months from issuance at an exercise price of $0.05.
Proceeds of Tranche Two will be used to fund the Company's previously announced exploration and drilling program on its flagship Drayton-Black Lake Project, in addition to general working capital. All securities issued pursuant to the Tranche Two are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company looks forward to continuing to advance its planned exploration program on the Drayton-Black Lake Project on schedule.
As part of the closing of Tranche Two, the Company settled $75,000 in debt obligations through the issuance of 1,500,000 Common Shares at a price of $0.05 and issued 2,180,000 Common Shares to directors and officers pursuant to the Company's equity incentive policies upon the recommendation of the compensation committee of the Company's board of directors.
For further information about the Company, please see the Heritage's profile on SEDAR at www.sedar.com .
ABOUT Heritage Mining LTD.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo – Chief Executive Officer, President and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
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FPX Nickel Provides Update on 2025 Community Initiatives
FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on recent community investment initiatives. FPX is committed to positively contributing to the communities where we operate through investments in programs or organizations that address inequality and are strongly aligned with Company values. FPX established the Community Office in 2024 in Fort St. James which is located approximately 90 km from the Baptiste Nickel Project (the " Project "). The Company hosts regular open houses which offer the opportunity for local community members to learn about the Company, its employees, and the Project, and to provide early feedback to inform the Company's activities.
"Through early community feedback, we have heard about the importance of access to education and training, and about finding meaningful ways to support the people and programs in the communities in which we operate to help create lasting, positive impacts," commented Martin Turenne , FPX's President and CEO. "We are pleased to provide an update on two important initiatives, our Student Bursary Program and Community Investment Program. We are thrilled to have made these contributions so far in 2025 and look forward to continuing to support other important local community-driven initiatives, aligned with our core values of safety, respect, and collaboration."
Student Bursary Program
The Company is pleased to announce the establishment of a Student Bursary Program (Building Brighter Futures: Bursaries, Scholarships and Awards) through Indspire, a Canadian Indigenous-led charity that invests in the education of First Nations, Inuit, and Métis individuals through scholarships, mentorship, and community-driven programs.
FPX has funded a total value of $25,000 for 2025. Selection of candidates is completed independently by Indspire, with the amount awarded to each successful recipient determined at Indspire's discretion based on financial need. The value of awards ranges from $3,500 to $5,000 . FPX is very pleased to announce the first two bursary awards have been granted to recipients from Binche Whut'en and Takla Nation .
The next application intake deadline is August 1, 2025 . Details on eligibility and how to apply can be found on the Indspire website: https://indspirefunding.ca/fpx-nickel/
Community Investment Program
In the first quarter of 2025, FPX launched the Community Investment Program, with a total funding value of $50,000 . The objective of the program is to drive meaningful, positive impact in the communities where the Company operates. Investments are considered on an ongoing basis and prioritized based on initiatives that address inequality and closely align with core Company values of safety, respect, and collaboration.
Investments made in the first quarter of 2025 include:
- Free Public Skating (District of Fort St James ): A donation from FPX funded free public skating at the Fort Forum for the 2024/2025 public skating season.
- Indigenous Night Hockey Game ( Takla Nation ): FPX provided a contribution for Takla Elders and family to attend the Prince George Cougars Indigenous Night hockey game on January 24, 2025 .
- Annual Trail Maintenance Fundraising (Fort St. James Snowmobile Club): FPX provided support for the Fort St. James Snowmobile Club through a donation to their annual Poker Ride held March 1, 2025 , which brings communities together to enjoy the outdoors and helps fund maintenance of trails to keep them in safe condition.
- Hobiyee Ceremony Attendance (Fort St. James Secondary School Boys and Girls Club): FPX provided a contribution to the Ntsoo ookw'un'a 'int'oh and Ts'iyaz Nus Indigenous & Culture Knowledge Girls and Boys program at Fort St. James Secondary School for students to attend the Hobiyee full moon ceremony in New Aiyansh on February 19-23, 2025 .
- Ndi yun k'ut khusna 2025 (On This Living Land) (Nak'azdli Whut'en): FPX provided a contribution to the Ndi yun k'ut khusna 2025 (On This Living Land) event to be held in May. Formerly called "Wildlife Week", this annual event serves as a valuable forum for communities, partners, participants, and individuals to exchange knowledge and engage in discussions around wildlife management and conservation efforts.
- "Walk a Mile in My Moccasins" Golf Tournament (Sasuchan Development Corp, Takla Nation ): FPX is a silver sponsor of the "Walk a Mile in My Moccasins" golf tournament on June 19, 2025 . All proceeds from this event will benefit the Nus Wadeezuhl Community School in Takla Landing , to support upgrades to technology and cultural programs for students.
Shape the Future of our Work
FPX is committed to finding meaningful ways to support the people and programs in the communities in which we operate to create lasting, positive impacts. To inform us about new programs or initiatives or to apply for the Community Investment Program, please reach out to our team, in-person at our Community Office at 602 Stuart Drive West, Fort St. James , or by email at: community@fpxnickel.com .
Learn More
Below are some ways that you can learn more about the Baptiste Nickel Project:
- Attend one of our open houses: https://fpxnickel.com/community/upcoming-events/
- Read our quarterly community newsletter: https://fpxnickel.com/community/newsletter/
- Visit our Facebook page: https://www.facebook.com/FPXNickel/
About the Baptiste Nickel Project
The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world. The Baptiste mineral claims cover an area of 408 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $55 million has been spent on the exploration and development of Baptiste.
FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne , President, CEO and Director
Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE FPX Nickel Corp.
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Canadian Investment Regulatory Organization Trade Resumption - LUM
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Lumina Gold Announces Acquisition by CMOC for C$581 Million
Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") and CMOC Singapore Pte. Ltd., a Singapore entity and a subsidiary of CMOC Group Limited (collectively "CMOC"), both of which are arm's length to the Company, are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which CMOC will acquire all of the issued and outstanding common shares of Lumina (the "Lumina Shares"), in exchange for C$1.27 per Lumina Share (the "Consideration") in an all-cash transaction by way of a plan of arrangement (the "Transaction"). The Consideration represents total equity value of approximately C$581 million on a fully diluted basis.
The Consideration represents a premium of approximately 71% to Lumina's 20-day volume weighted average trading price ("VWAP"), and a premium of approximately 41% to Lumina's closing price as at April 17, 2025 , on the TSX Venture Exchange (the "TSXV"). Further details of the Transaction are outlined below.
As part of the Transaction, Lumina shareholders representing 52.3% of the issued and outstanding Lumina Shares have signed voting support agreements, pursuant to which they have agreed, among other things, to vote their Lumina Shares, Lumina stock options ("Lumina Options") and restricted share units ("Lumina RSUs"), as applicable, in favour of the Transaction.
Marshall Koval , CEO of Lumina, commented: "After advancing the Cangrejos project for over 10-years and taking it from no defined resources to being poised to be one of the largest gold projects globally, the Lumina Group is excited for the transition of the Cangrejos project to CMOC. The Lumina team looks forward to working with CMOC and all existing stakeholders to ensure the successful future development of the project."
Benefits to Lumina Shareholders
- Immediate and significant premium of approximately 71% and 41% to the 20-day VWAP and the closing price, respectively
- All-cash offer that is not subject to a financing condition, providing certainty of value and immediate liquidity
- Highly credible and capable counterparty with track record of successful M&A
- Concurrent interim financing for Lumina of US$20 million to fund ongoing needs at the Cangrejos project
- Removes future dilution, commodity and execution risk
Concurrent Convertible Note Financing
Concurrent with entering into the Arrangement Agreement, CMOC has entered into a subscription agreement with Lumina for the issuance of an aggregate principal amount of US$20 million convertible notes (the "Convertible Notes"). The Convertible Notes will be unsecured with an annual interest rate of 6.0% and mature April 21, 2026 , subject to acceleration in certain circumstances. Pursuant to the terms of the Arrangement Agreement and the Convertible Notes, Lumina is to use the proceeds of the private placement for the purpose of funding expenditures related to the Arrangement Agreement in accordance with an agreed upon work program and budget. The Convertible Notes, at the option of CMOC, are convertible into Lumina Shares at a price of C$1.00 per Lumina Share, representing a premium of approximately 11% to the closing price of the Lumina Shares and of approximately 34% to the 20-day VWAP of the Lumina Shares on the TSXV as at April 17, 2025 .
The private placement is expected to close on or about April 30, 2025 , and is not conditional on the closing of the Transaction. The private placement is subject to acceptance by the TSXV, including Lumina fulfilling the requirements of the TSXV. The Convertible Notes will be subject to a four month and one day hold period, pursuant to securities laws in Canada . The Convertible Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable securities laws of any state of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Lumina, nor shall there be any offer or sale of any securities of Lumina in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Transaction Terms
Pursuant to the terms and conditions of the Arrangement Agreement, signed on April 21, 2025 , the holders of the issued and outstanding Lumina Shares will receive the Consideration. The Transaction will be carried out by way of a court-approved plan of arrangement under the Business Corporations Act ( British Columbia ).
The Arrangement Agreement contains customary reciprocal deal-protection provisions including a non-solicitation covenant and a "fiduciary out" that would allow Lumina to accept a superior proposal as defined in the Arrangement Agreement, subject to a right for CMOC to match any superior proposal. Under certain circumstances, CMOC would be entitled to a termination fee of C$23,280,000 . The Arrangement Agreement also includes an expense reimbursement in the amount of C$2,771,400 , payable by CMOC to Lumina in certain other specified circumstances.
Pursuant to the Arrangement Agreement, all outstanding Lumina Options and Lumina RSUs which remain outstanding at the effective time of the Transaction will be deemed to be exercised or settled for their in-the-money value, net of withholding taxes, as applicable, under the arrangement for Lumina Shares, which will be exchanged for the Consideration.
Complete details of the Transaction will be included in a management information circular to be delivered to Lumina securityholders in the coming weeks.
Conditions to Completion
The completion of the Transaction is subject to a number of terms and conditions, including without limitation the following: (a) approval of the Lumina securityholders, as described below; (b) acceptance by the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of Lumina; and (e) other standard conditions of closing for a transaction of this nature. There can be no assurance that all of the necessary approvals will be obtained or that all conditions of closing will be satisfied.
The Transaction is subject to the approval at a special meeting of Lumina securityholders by (i) 66 2/3 percent of the votes cast by Lumina shareholders, (ii) 66 2/3 percent of the votes cast by Lumina shareholders, optionholders and holders of Lumina RSUs, voting together as a single class, and (iii) if required, a simple majority of the votes cast by the Lumina shareholders, excluding the votes cast by certain persons as required by MI 61-101 Protection of Minority Securityholders in Special Transactions .
Transaction Timeline
Pursuant to the Arrangement Agreement and subject to satisfying all necessary conditions and receipt of all required approvals, the parties anticipate completion of the Transaction in the third quarter of 2025. Following completion of the Transaction, the Lumina Shares will be de-listed from the TSXV and Lumina will cease to be a reporting issuer under Canadian securities laws.
Recommendations by the Board of Directors and Fairness Opinion
After consultation with its financial and legal advisors, and following the unanimous recommendation of a special committee of independent directors (the "Special Committee"), the board of directors of Lumina (the "Lumina Board") unanimously determined the Transaction is fair to Lumina shareholders, is in the best interest of Lumina and approved the entering into of the Transaction. The Lumina Board recommends that Lumina securityholders VOTE IN FAVOUR of the Transaction. RBC Capital Markets Inc. provided a fairness opinion to the Lumina Board, stating that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the Consideration to be received by Lumina shareholders under the Transaction is fair, from a financial point of view, to such Lumina shareholders.
Advisors and Counsel
Moelis & Company LLC is acting as financial advisor to Lumina. RBC Capital Markets has provided a fairness opinion to the Lumina Board. Borden Ladner Gervais LLP, Skadden Arps Slate Meagher & Flom LLP, and Tobar ZVS are acting as legal counsel to Lumina in Canada , the U.S. and Ecuador , respectively .
BMO Capital Markets is acting as financial advisor to CMOC. McCarthy Tétrault LLP, Bustamante Fabara S.A.S . and Flor Bustamante Pizarro & Hurtado are acting as legal counsel to CMOC in Canada and Ecuador , respectively. PricewaterhouseCoopers LLP is acting as tax advisor to CMOC.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based development company focused on the Cangrejos project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for the Project, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.
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Further details are available on the Company's website at https://luminagold.com . To receive future news releases please sign up at https://luminagold.com/contact .
Signed: "Marshall Koval"
Marshall Koval , President & CEO, Director
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
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: transitioning the development of the Cangrejos project to CMOC; the successful development of the Cangrejos project; TSXV approval of the private placement of the Convertible Notes; the expected closing of the private placement of the Convertible Notes; the anticipated use of proceeds to be raised from the private placement of the Convertible Notes; completion of the terms and conditions of the Transaction; receipt of Lumina shareholder and court approval of the Transaction; and the expected closing date of the Transaction. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, metals prices, the timely receipt of necessary approvals, the Company's ability to comply with the terms and conditions of the Arrangement Agreement, no unplanned delays or interruptions, and expected Ecuador national, provincial and local government policies. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Lumina Gold Corp.
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Lumina Gold Announces US$3.1 million Wheaton Precious Metals Draw and Amendment to the PMPA
Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"), the Company has drawn the final installment of US$3.1 million (the "Final Installment") from the Early Deposit (as defined in the PMPA). The draw is related to specific pre-construction acquisition transactions. Wheaton has now advanced a total of US$48 million to Lumina. The remaining US$252 million under the PMPA will be advanced once specific conditions allowing for the start of construction have been met.
The PMPA has been amended (the "Amendment") to provide more flexibility to Lumina in connection with certain pre-construction acquisition transactions. Under the Amendment, among other things, Lumina has until December 31, 2025 , to spend the Final Installment on qualifying transactions. Any portion of the Final Installment not spent by December 31, 2025 must be returned to Wheaton.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos gold-copper project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.
Follow us on: Twitter , LinkedIn or Facebook .
Further details are available on the Company's website at https://luminagold.com . To receive future news releases please sign up at https://luminagold.com/contact .
: | |
Signed: "Marshall Koval" | |
Marshall Koval, President & CEO, Director |
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
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the Company's ability to spend the US$3.1 million prior to December 31, 2025 , the return of any unspent funds to Wheaton and the advance of US$252 million if specific conditions are met. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about: the Company's ability to meet its obligations under the PMPA; general business and economic conditions; the prices of gold and copper; and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Lumina Gold Corp.
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