- Latin Metals (LMS) is upsizing its private placement to raise gross proceeds of up to $1.2 million
- The company will issue up to 12,000,000 units at a price of $0.10 per unit
- Proceeds will be used to fund ongoing exploration at the company’s mineral projects in Argentina and Peru
- Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America
- Latin Metals Inc. (LMS) opened trading at C$0.10 per share
Latin Metals (LMS) has upsized its previously-announced private placement to raise gross proceeds of up to $1.2 million.
The company will issue up to 12,000,000 units at a price of $0.10 per unit.
Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one share at a price of $0.20 for a period of 36 months from the closing of the financing.
The company may pay finder’s fees, consisting of a cash commission equal to up to 7 per cent of the gross proceeds raised and finder’s warrants equal to 7 per cent of the total number of units issued.
All securities issued are subject to a statutory four-month hold period.
Proceeds will be used to fund ongoing exploration at the company’s mineral projects in Argentina and Peru and for general working capital.
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.
Latin Metals Inc. (LMS) opened trading at C$0.10 per share.