By Devika Patel
Knoxville, Tenn., Nov. 30 - Largo Resources Ltd. said it plans a C$1 million private placement of stock via agent Byron Securities Ltd.
The company will sell 5,555,555 flow-through shares at C$0.18 each.
Settlement is expected Dec. 11.
Proceeds will be used for exploration.
Largo is a Toronto-based resource development and exploration company.
| Issuer: | Largo Resources Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 5,555,555
|
| Price: | C$0.18
|
| Warrants: | No
|
| Agent: | Byron Securities Ltd.
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 11
|
| Stock symbol: | TSX Venture: LGO
|
| Stock price: | C$0.17 at close Nov. 30
|
| Market capitalization: | C$32 million
|
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