LUCA INSIDER CALU OPPORTUNITY FUND LP ADVISES OF SHARE SALES AND WARRANT EXERCISE
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) announced that Calu Opportunity Fund LP, a major insider, sold 5,699,975 common shares on December 31, 2024, through the TSX Venture Exchange at an average price of $0.62 per share, generating $3,533,984 in gross proceeds. Calu intends to use $2,000,000 of these proceeds to exercise 4,000,000 warrants at $0.50 per warrant.
Prior to the transaction, Calu owned 35,000,000 common shares (approximately 17.57% of outstanding shares) and 7,000,000 warrants. Following the share sale and warrant exercise, Calu will hold 33,300,025 common shares and 3,000,000 remaining warrants. The fund has not disclosed any specific plans for future transactions, stating that future decisions will depend on market conditions and investment factors.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) ha annunciato che Calu Opportunity Fund LP, un importante insider, ha venduto 5.699.975 azioni comuni il 31 dicembre 2024, attraverso il TSX Venture Exchange a un prezzo medio di $0,62 per azione, generando proventi lordi di $3.533.984. Calu intende utilizzare $2.000.000 di questi proventi per esercitare 4.000.000 di warrant a $0,50 per warrant.
Prima della transazione, Calu possedeva 35.000.000 azioni comuni (circa il 17,57% del totale delle azioni) e 7.000.000 di warrant. Dopo la vendita delle azioni e l'esercizio dei warrant, Calu deterrà 33.300.025 azioni comuni e 3.000.000 di warrant rimanenti. Il fondo non ha rivelato piani specifici per future transazioni, affermando che le decisioni future dipenderanno dalle condizioni di mercato e dai fattori di investimento.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) anunció que Calu Opportunity Fund LP, un importante insider, vendió 5.699.975 acciones ordinarias el 31 de diciembre de 2024, a través de la TSX Venture Exchange a un precio promedio de $0,62 por acción, generando ingresos brutos de $3.533.984. Calu tiene la intención de usar $2.000.000 de estos ingresos para ejercer 4.000.000 de warrants a $0,50 por warrant.
Antes de la transacción, Calu poseía 35.000.000 acciones ordinarias (aproximadamente el 17,57% de las acciones en circulación) y 7.000.000 de warrants. Tras la venta de acciones y el ejercicio de warrants, Calu tendrá 33.300.025 acciones ordinarias y 3.000.000 de warrants restantes. El fondo no ha divulgado planes específicos para futuras transacciones, indicando que las decisiones futuras dependerán de las condiciones del mercado y de factores de inversión.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF)는 Calu Opportunity Fund LP라는 주요 내부자가 2024년 12월 31일에 TSX 벤처 거래소를 통해 평균 주당 $0.62에 5,699,975주를 판매하여 총 $3,533,984의 수익을 올렸다고 발표했습니다. Calu는 이러한 수익금 중 $2,000,000을 사용하여 주당 $0.50에 4,000,000개의 워런트를 행사할 계획입니다.
거래 이전에 Calu는 35,000,000주(약 17.57%의 발행 주식)와 7,000,000개의 워런트를 보유하고 있었습니다. 주식 판매와 워런트 행사 후, Calu는 33,300,025주와 3,000,000개의 잔여 워런트를 보유하게 됩니다. 이 펀드는 향후 거래에 대한 구체적인 계획을 공개하지 않았으며, 향후 결정은 시장 상황과 투자 요소에 따라 달라질 것이라고 밝혔습니다.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) a annoncé que Calu Opportunity Fund LP, un important initié, a vendu 5.699.975 actions ordinaires le 31 décembre 2024, par l'intermédiaire de la TSX Venture Exchange, à un prix moyen de 0,62 $ par action, générant des produits bruts de 3.533.984 $. Calu a l'intention d'utiliser 2.000.000 $ de ces produits pour exercer 4.000.000 de warrants à 0,50 $ par warrant.
Avant la transaction, Calu possédait 35.000.000 actions ordinaires (environ 17,57 % des actions en circulation) et 7.000.000 de warrants. À la suite de la vente d'actions et de l'exercice des warrants, Calu détiendra 33.300.025 actions ordinaires et 3.000.000 de warrants restants. Le fonds n'a pas divulgué de plans spécifiques pour de futures transactions, déclarant que les décisions futures dépendront des conditions du marché et des facteurs d'investissement.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) gab bekannt, dass Calu Opportunity Fund LP, ein bedeutender Insider, am 31. Dezember 2024 über die TSX Venture Exchange 5.699.975 Stammaktien zu einem Durchschnittspreis von $0,62 pro Aktie verkauft hat, was zu einem Bruttoerlös von $3.533.984 führte. Calu beabsichtigt, $2.000.000 aus diesem Erlös zu verwenden, um 4.000.000 Warrants zu einem Preis von $0,50 pro Warrant auszuüben.
Vor der Transaktion besaß Calu 35.000.000 Stammaktien (etwa 17,57% der ausstehenden Aktien) und 7.000.000 Warrants. Nach dem Verkauf der Aktien und der Ausübung der Warrants wird Calu 33.300.025 Stammaktien und 3.000.000 verbleibende Warrants halten. Der Fonds hat keine spezifischen Pläne für zukünftige Transaktionen bekannt gegeben und erklärte, dass zukünftige Entscheidungen von den Marktbedingungen und Investitionsfaktoren abhängen werden.
- Warrant exercise at $0.50 brings $2,000,000 in fresh capital to the company
- Major insider maintains substantial position with over 33.3M shares post-transaction
- Large insider sale of 5.7M shares at $0.62 could signal negative sentiment
- Significant selling pressure from insider transaction worth $3.53M
The Company has been advised that on December 31, 2024, one of the Company's insiders, Calu Opportunity Fund LP, ("Calu") with an address at 1166 Alberni Street, Suite 1201
Immediately prior to the sale of the Common Shares described above, Calu owned or controlled an aggregate of 35,000,000 Common Shares, representing approximately
Calu does not have any specific current plan or future intention with respect to such securities and may or may not purchase or sell securities of the Company in the future on the open market or in private transactions in the ordinary course, depending on market conditions and other factors material to Calu's investment decision.
About Luca Mining Corp
Luca Mining (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is a diversified Canadian mining company with two
The
The Tahuehueto Gold, Silver mine is a new underground mine in Durango State,
Luca Mining is focused on growth with the aim of maximizing shareholder returns.
For more information, please visit: www.lucamining.com
On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, Chief Executive Officer
Cautionary Note Regarding Production Decisions and Forward-Looking Statements
It should be noted that Luca declared commercial production at
Positive operating cash flow is defined as excluding capital, debt repayment and Trafigura financing.
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the planned program to improve mining operations at
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Luca Mining Corp.
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