On November 21, Adventus Mining Corporation and Luminex Resources Corp. ‎‎announced that they have entered into an arrangement agreement in which Adventus will acquire all of the issued and outstanding common ‎shares of Luminex. Adventus and Luminex also announced concurrent financing of up to US$20 million with lead investments from Ross Beaty, Altius Minerals, and Wheaton Precious Metals.

Bacchus Capital Advisors is acting as financial advisor to Adventus. DLA Piper (Canada) LLP, DLA Piper LLP (US) and AVL Abogados are acting as legal counsel to Adventus in Canada, the U.S. and Ecuador, respectively. Haywood Securities Inc. is acting as financial advisor to Luminex. Borden Ladner Gervais LLP, Troutman Pepper Hamilton Sanders LLP, and Tobar ZVS are acting as legal counsel to Luminex in Canada, the U.S. and Ecuador, respectively.