Pinetree Capital purchases 10 million common shares at C$0.10 apiece
By Devika Patel
Knoxville, Tenn., June 27 – Latin American Minerals Inc. said it will conduct a C$1 million private placement of stock with Pinetree Capital Ltd.
The company will sell 10 million common shares at C$0.10 per share, which is an 11.11% premium to the June 26 closing share price of C$0.09.
Proceeds will be used at the company’s Paso Yobai gold project and for general working capital purposes.
The gold explorer is based in Toronto.
| Issuer: | Latin American Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 10 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Investor: | Pinetree Capital Ltd.
|
| Pricing date: | June 27
|
| Stock symbol: | TSX Venture: LAT
|
| Stock price: | C$0.09 at close June 26
|
| Market capitalization: | C$9.34 million
|
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