VANCOUVER, British Columbia, April 22, 2026 (GLOBE NEWSWIRE) -- Lumina Metals Corp. ("Lumina Metals" or the "Company") announced today an upsize of its previously announced initial public offering and secondary offering of common shares ("Common Shares") of the Company (the "Offering"). The Offering will now include a treasury offering by the Company expected to be for total gross proceeds of approximately $312,470,000 and a secondary offering of Common Shares held by a selling securityholder of the Company expected to be for total gross proceeds of approximately $93,742,500, each at a price of $12.50 per share, for total gross proceeds of up to $406,212,500.
The Company has also granted to the Underwriters (as defined below) an over-allotment option to purchase up to an additional 4,874,550 Common Shares from treasury at a price of $12.50 per Common Share for additional gross proceeds of $60,931,875, if the over-allotment option is exercised in full. The over-allotment option is exercisable, in whole or in part, at any time for a period of 30 days from the closing date of the Offering. If the over-allotment option is exercised in full, the gross proceeds of the Offering will be up to $467,144,375.
The Offering will be managed by a syndicate of underwriters, including BMO Capital Markets, National Bank Financial Inc., Morgan Stanley Canada Limited, RBC Capital Markets and CIBC World Markets Inc., as co-lead underwriters and joint bookrunners, and Trigon Dom Maklerski S.A., Canaccord Genuity Corp., Haywood Securities Inc., SCP Resource Finance LP and Stifel Canada (collectively, the "Underwriters").
The Company intends to file marketing materials containing the specified pricing information regarding the upsized Offering contained in the press release under the Company's profile on SEDAR+ at www.sedarplus.com. The Underwriters are relying on Coordinated Blanket Order 41-930 Exemptions from Certain Prospectus and Disclosure Requirements to provide marketing materials containing the specified pricing information regarding the upsized Offering to potential investors without further amendment to the Company's amended and restated preliminary prospectus dated April 15, 2026 (the "A&R Preliminary Prospectus").
The A&R Preliminary Prospectus has been filed with the securities ...
