By Sheri Kasprzak
Atlanta, Feb. 18 - Largo Resources Ltd. said it plans to raise up to C$1 million in a non-brokered private placement.
The company plans to sell up to 4 million units at C$0.25 each. The units include one share and one warrant.
The warrants allow for an additional share at C$0.35 each for two years.
Largo Resources is a Toronto-based gold exploration company.
| Issuer: | Largo Resources Ltd.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million (maximum)
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| Units: | 4 million (maximum)
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| Price: | C$0.25
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.35
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| Pricing date: | Feb. 18
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| Stock price: | C$0.455 at close Feb. 18
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