Junior corporate roundup: Lumina, Orinoco, Oceanus, Bacanora
Lumina Gold announced a planned earn-in and joint venture agreement for its Pegasus A and B concessions in Ecuador.
Under the non-binding letter of intent agreement, a subsidiary of Anglo American will have the right to earn a 60% interest in the properties for US$50mn of investments and US$7.3mn of cash payments to Lumina over seven years.
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Orinoco Gold raised 12.1mn Australian dollars (US$9.37mn) in a share placement.
Proceeds will be used for the ramp-up and exploration at the company's Cascavel gold mine in Brazil.
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Oceanus Resources added 4,465ha of land to its El Tigre gold-silver project in Mexico, bringing the total land package to 26,307ha.
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Bacanora Minerals completed its re-domicile to the UK.
The company is advancing its Sonora lithium project in Mexico.
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