By Sheri Kasprzak
New York, March 17 - Largo Resources Ltd. said it intends to raise up to C$2 million in a non-brokered private placement.
The deal includes up to 20 million units of one share or flow-through share and one warrant with each warrant exercisable at C$0.13 for two years.
Toronto-based Largo is a mineral exploration company.
| Issuer: | Largo Resources Ltd.
|
| Issue: | Units of one share or flow-through share and one warrant
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| Amount: | C$2 million (maximum)
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| Units: | 20 million
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| Price: | C$0.10
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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$0.13
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| Placement agent: | Non-brokered
|
| Pricing date: | March 17
|
| Stock symbol: | TSX Venture: LGO
|
| Stock price: | C$0.17 at close March 17
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