03:07 PM EST, 01/02/2025 (MT Newswires) -- Luca Mining ( LUCMF ) , at last look up near 20%, said Thursday a company insider, Calu Opportunity Fund, sold close to 5.7 million shares of Luca on the open market through the facilities of the TSX Venture Exchange.

The shares were sold at an average price of $0.62 each, for a total of more than $3.5 million. Calu will use $2 million of the proceeds to exercise four million warrants at an exercise price of $0.50 each.

Immediately before the sale of the shares, Calu owned 35 million shares, a 17.6% stake, and seven million warrants. Following the sale of the shares and the exercise of the warrants, Calu will own or control 33.3 million common shares and three million warrants.

Luca was last seen up $0.10, to $0.64 on the TSX Venture Exchange.

Price: 0.62, Change: +0.08, Percent Change: +14.81