By Laura Lutz
Des Moines, Nov. 14 - Largo Resources Ltd. settled a private placement of units for C$1.06 million.
The company sold 3,533,334 units of one flow-through share and one half-share warrant at C$0.30 per unit.
Partnerships administered by MineralFields Group subscribed for 1,166,666 of the units.
Each whole warrant is exercisable at C$0.60 for two years.
Proceeds from the non-brokered placement will be used to advance the company's Yukon-based Northern Dancer tungsten-molybdenum project.
Largo is a natural resource development and exploration company based in Toronto.
| Issuer: | Largo Resources Ltd.
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Amount: | C$1.06 million
|
| Units: | 3,533,334
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Investor: | MineralFields Group (for 1,166,666 units)
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 14
|
| Stock symbol: | TSX Venture: LGO
|
| Stock price: | C$0.26 at close Nov. 14
|
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