Luca Mining secures US$75 million Goldgroup equity commitment for bought-deal private placement
Bitget2026/09/28 11:02- Luca Mining entered a binding commitment for Goldgroup Mining to invest USD 75 million in a bought-deal private placement.
- Investment targets a 19.9% post-transaction ownership stake on a non-diluted pro forma basis, replacing Trafigura’s equity backstop.
- Goldgroup will buy subscription receipts convertible into common shares once escrow conditions are met or at Goldgroup’s election.
- Net proceeds will help fund the cash portion of Luca’s planned acquisition of Capstone Copper’s Cozamin Mine for USD 290 million.
- Goldgroup gains board nomination, participation, and anti-dilution rights while it holds at least 10% of outstanding shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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