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To: Goose94 who wrote (21378)	8/15/2016 3:23:57 PM
From: Goose94	Respond to of 203702

LGC-T kissed it's 52

To: Goose94 who wrote (21378)	8/16/2016 9:11:51 PM
From: Goose94	Read Replies (2) \| Respond to of 203702

Luna Gold (LGC-T) Announces Increase in Previously Announced Private Placement Financing Aug 16, '16 - NR Luna Gold is offering 11,500,000 units of the Company at a price of C$0.20 per Unit for gross proceeds of up to C$2.3 million. Each Unit will consist of one common share of the Company and one common share purchase warrant exercisable at a price of C$0.25 per common share for a period of 60 months from the closing of the Offering. The Company is pleased to announce that it has increased the Offering by 23,500,000 Units, at the Offering Price, for additional gross proceeds to the Company of up to C$4.7 million. Thus, if fully subscribed, the Offering will consist of 35,000,000 Units for gross proceeds of C$7.0 million. The up to 70,000,000 common shares of the Company that are being issued and made issuable in the Offering (assuming full excise of the Warrants) represents approximately 24% of the Company's total number of currently issued and outstanding common shares. The Offering Price is at a 29% discount to the volume weighted average trading price of Luna's common shares listed on the Toronto Stock Exchange ("TSX") between the date of the first press release on August 15, 2016 and this current press release. As previously announced, the management team of the Company will subscribe for 11,500,000 Units at the Offering Price, but no insiders will otherwise participate in the Offering or exercise any participation right in connection therewith. The Offering will not result in any new control person of the Company. Pursuant to the rules and policies of the TSX, when securities of the Company are issued at a price that is lower than market price less the maximum applicable discount, the Company must obtain shareholder approval for the issuance of such securities. However, in accordance with section 604(d) of the TSX Company Manual, the Company will obtain such shareholder approval by way of written consent (the "Shareholder Consent") from its significant shareholders holding in excess of 60% of the common shares of the Company (the "Supporting Shareholders") that would be eligible to vote to approve the Offering if a shareholders' meeting were held for such purpose. The Shareholder Consent will confirm that the Supporting Shareholders consent to, and are in favor of, the Offering. Proceeds from the Financing will be used to complete technical work required to restart the Aurizona Gold Mine, as well as for general working capital purposes. Closing of the Offering is scheduled to occur on or about August 29, 2016, subject to applicable regulatory and other approvals, including approval of the TSX. About Luna Gold Corp. Luna is engaged in the exploration and redevelopment of its past producing Aurizona Gold Mine, which was placed on care and maintenance in 2015. The Company expects to publish a National Instrument 43-101 compliant technical report for the Aurizona Gold Mine in 2016. On behalf of the Company LUNA GOLD CORP. Christian Milau, Chief Executive Officer and Director Website: www.lunagold.com For further information contact Investor Relations +1-604-558-0560