Pacific Road Capital to provide $30 mln in funding to Luna Gold
Australian mining private equity firm Pacific Road Capital has agreed to acquire common shares, warrants and debt in Luna Gold Corp (TSX: LGC), a Vancouver-based gold production and exploration company focused on projects in Brazil. Pacific Road has committed to provide $20 million in debt and $10 million in equity to the business. Luna said that with a restructured gold stream and recapitalized balance sheet, it will be able to undertake a work program to restart operations at its Aurizona gold mine, which is located in the Brazilan state of Maranhão.
8 May 2015•10 mins read
