BULLETIN V2023-0169
LUCA MINING CORP. ("LUCA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: December 5, 2023
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 14,000,000 units (each, a "Unit") at $0.35 per Unit to settle outstanding debt for $4,900,000. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of CAD$0.50 per Share for a period of two years from the closing date.
Number of Creditors: 1 Creditor
Non-Arm's Length Party / Pro Group Participation:
Creditors # of Creditors Amount Owing Deemed Price per Share Aggregate # of Shares
Aggregate Non-Arm's Length Party Involvement: 1 $4,900,000 $0.35 14,000,000
Aggregate Pro Group Involvement: N/A N/A N/A N/A
Warrants: 7,000,000 share purchase warrants to purchase 7,000,000 shares
Warrant Exercise Price: $0.50 for a two-year period, subject to an acceleration clause
For more information, please refer to the Company's news releases dated March 31, 2023 and June 5, 2023.
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