CST: 27/09/2016 13:55:52   

Pacific Road Resources Funds Announce Acquisition of Common Shares of Luna Gold Corp.

266 Days ago

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 4, 2016) - The Pacific Road Resources Funds ("PRRF") announce that they have received 10,835,935 common shares ("Common Shares") in the capital of Luna Gold Corp. (the "Corporation") in satisfaction of interest owing by the Corporation to PRRF under the promissory notes previously issued by the Corporation to PRRF (the "Notes"). The Common Shares were issued based on the volume-weighted average trading price of the Common Shares on the Toronto Stock Exchange for the five trading days prior to December 31, 2015, being $0.04652 per Common Share.

When combined with the 8,379,002 Common Shares issued to PRRF in September 30, 2015 in satisfaction of interest owing under the Notes, PRRF has acquired an aggregate of 19,214,937 Common Shares, representing approximately 7% of the Common Shares.

When combined with the 100,000,000 Common Shares and Common Share purchase warrants to purchase 300,000,000 Common Shares previously acquired, PRRF holds an aggregate of 119,214,937 Common Shares and Common Share purchase warrants to purchase 300,000,000 Common Shares. The 119,214,937 Common Shares represent approximately 41.8% of the issued and outstanding Common Shares of the Corporation as of September 30, 2015. Assuming full exercise of the Series A Warrants and Series B Warrants, PRRF would hold 419,214,937 Common Shares, representing approximately 71.6% of the then issued and outstanding common shares of the Corporation.

PRRF has purchased the securities for investment purposes and may or may not purchase or sell securities of the Corporation, or exercise the Series A Warrants and/or Series B Warrants, in the future on the open market or in private transactions, depending on market conditions and other factors.

A copy of the early warning report filed in connection with the investment will be available on the Corporation's profile on SEDAR at www.sedar.com or may be obtained by contacting Greg Dick at +61 2 9241 1000.

About Pacific Road Resources Funds and Pacific Road Capital Management Pty Limited

The Pacific Road Resources Funds are private equity funds investing in the global mining industry. They provide expansion and buyout capital for mining projects, mining related infrastructure and mining services businesses located throughout resource-rich regions of the world. The Pacific Road Resources Funds are managed and advised by Pacific Road Capital Management Pty Ltd ("PRCM"). The PRCM team, located in Sydney, Australia, San Francisco, USA, and Vancouver, Canada, is comprised of experienced mining investment professionals that have extensive knowledge and experience in the mining and infrastructure sectors, including considerable operating, project development, transactional and investment banking experience. For further information on the Pacific Road Resources Funds and PRCM, please go to their website at www.pacroad.com.au.

Greg Dick
+61 2 9241 1000
www.pacroad.com.au