By Sheri Kasprzak
New York, Nov. 21 - Latin American Minerals Inc. completed a private placement for C$3,350,500.
The company sold 13.402 million shares at C$0.25 each.
The investors received warrants for 6.701 million shares, exercisable at C$0.35 each for one year.
Latin American said it plans to raise another C$444,500 within the next 10 days.
Maison Placements Canada Inc. was the placement agent.
Toronto-based Latin American is a mineral exploration company focused on properties in Central and South America.
| Issuer: | Latin American Minerals Inc.
|
| Issue: | Stock
|
| Amount: | C$3,350,500
|
| Shares: | 13.402 million
|
| Price: | C$0.25
|
| Warrants: | For 6.701 million shares
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Placement agent: | Maison Placements Canada Inc.
|
| Settlement date: | Nov. 21
|
| Stock symbol: | TSX Venture: LAT
|
| Stock price: | C$0.32 at close Nov. 21
|
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