- Latin Metals (LMS) has closed its upsized non-brokered private placement for aggregate gross proceeds of $1.3 million
- The company issued 8,666,667 units at a price of $0.15 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$0.125 per share
Latin Metals (LMS) has closed its upsized non-brokered private placement for aggregate gross proceeds of $1.3 million.
The company issued 8,666,667 units at a price of $0.15 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 $0.25 for a period of 24 months from the closing of the financing.
Latin Metals paid finders fees and warrants to Leede Jones Gable., Haywood Securities and PI Financial Corp.
All securities issued are subject to a hold period of four months and one day.
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$0.125 per share.