By Sheri Kasprzak
New York, Aug. 2 - Largo Resources Ltd. concluded its previously announced private placement for C$1.01 million.
The company issued a total of 4.04 million flow-through shares at C$0.25 apiece.
The company sold 2.3 million shares in the final tranche and 1.74 million shares in the first tranche.
The non-brokered offering was priced on July 13 as a C$1 million offering of 4 million shares.
Proceeds will be used for development on the company's Northern Dancer tungsten-molybdenum deposit in the Yukon Territory.
Based in Toronto, Largo is a gold and mineral exploration company.
| Issuer: | Largo Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.01 million
|
| Shares: | 4.04 million
|
| Price: | C$0.25
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | July 13
|
| Settlement date: | Aug. 2
|
| Stock symbol: | TSX Venture: LGO
|
| Stock price: | C$0.26 at close July 13
|
| Stock price: | C$0.21 at close Aug. 2
|
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