Legal Heavyweights Line Up
A roster of high-powered legal firms is behind the deal. Lumina is represented by Borden Ladner Gervais LLP, Skadden Arps Slate Meagher & Flom LLP, and Ecuador’s Tobar ZVS. CMOC is advised by McCarthy Tétrault LLP, Bustamante Fabara SAS, and Flor Bustamante Pizarro & Hurtado.
Notably, Skadden’s M&A partner June Dipchand, along with capital markets experts Ryan Dzierniejko and Thomas Daechsel, are steering Lumina’s legal strategy on the deal. Additional advisory details from CMOC’s side have not yet been disclosed.
$20M Bridge Financing Secured
To support immediate progress at the Cangrejos project, CMOC has agreed to inject $20 million in interim financing via unsecured convertible notes. The funding will help maintain momentum as Lumina continues development efforts through the deal’s closing.
Upon completion, Lumina shares will be delisted from the TSX Venture Exchange, marking the end of a publicly traded era and the beginning of a new phase under the CMOC umbrella.
