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LUCA ANNOUNCES TOTAL COMBINED PROCEEDS OF LIFE OFFERING AND PRIVATE PLACEMENT NOW C$11.3M DUE TO INCREASE OF NON-BROKERED PRIVATE PLACEMENT TO C$2.576 M.
LUCA ANNOUNCES TOTAL COMBINED PROCEEDS OF LIFE OFFERING AND PRIVATE PLACEMENT NOW C$11.3M DUE TO ...
About this update from Luca Mining Corp
[{"type":"text","content":"\n\n\n\n\n LUCA ANNOUNCES TOTAL COMBINED PROCEEDS OF LIFE OFFERING AND PRIVATE PLACEMENT NOW C$11.3M DUE TO INCREASE OF NON-BROKERED PRIVATE PLACEMENT TO C$2.576 M.\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 23, 2024\n \n\n /CNW/ - Further to its news releases dated\n \n September 6\n \n and 12, 2024, Luca Mining Corp. (\"Luca\" or the \"Company\") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) confirms that it has fully subscribed its brokered private placement pursuant to the \"listed issuer financing exemption\" under Part 5A of NI 45-106 –\n \n Prospectus Exemptions\n \n (the \"Listed Issuer Financing Exemption\") of 19,000,000 units (the \"LIFE Units\") of the Company (the \"LIFE Offering\"). Due to heavy demand, the Company has determined to increase the total amount of the recently announced concurrent non-brokered private placement from 3,222,222 units of the Company at a price of\n \n C$0.45\n \n per unit to 6,126,167 units (the \"Non-LIFE Units\") for gross proceeds of\n \n C$2,756,775\n \n (the \"Private Placement\" and, together with the LIFE Offering, the \"Financings\").\n \n\n\n\n\n\n\n\n\n The Company is pleased to advise that it has received lead orders for the Private Placement from Term Oil Inc. (Mr.\n \n Rick Rule\n \n ) and Luca's CEO\n \n Dan Barnholden\n \n in the amounts of\n \n C$500,000\n \n and\n \n C$450,000\n \n respectively.\n \n Dan Barnholden\n \n , CEO stated: \"I am very pleased to welcome an extremely strong group of retail and institutional investors, including\n \n Rick Rule\n \n . I believe Luca is poised to deliver on its plan for production growth as demonstrated by my own personal investment\".\n \n\n The Non-LIFE Units have identical terms to the LIFE Units except that the securities issued or made issuable pursu...