Luna Gold Enters Into Debt Amendment Agreement With Eldorado and Brascan

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    • Jan 2009
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    Luna Gold Enters Into Debt Amendment Agreement With Eldorado and Brascan

    (PR-inside.com) VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/20/11 -- Luna Gold Corp. (TSX VENTURE: LGC) ("Luna Gold" or the "Company") announces that it has entered into an agreement with Brascan Natural Resources S.A. ("Brascan") and Eldorado Gold Corporation ("Eldorado") to amend the outstanding debt of the Company to Brascan and Eldorado. Luna Gold had issued promissory notes in the aggregate amount of US$3,000,000, respectively, to each of Eldorado and Brascan in connection with the 2006 Purchase Agreement pursuant to which Luna Gold acquired the Aurizona project from Brascan and Eldorado. In satisfaction of the aforementioned promissory notes, Brascan and Eldorado ..

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