By Laura Lutz
Washington, Dec. 6 - Latin American Minerals Inc. raised C$444,500 from the final tranche of a C$3.795 million private placement of units.
The most recent tranche included 1.778 million units of one share and one half-share warrant at C$0.25 per unit. Each warrant is exercisable at C$0.35 for one year.
The first tranche, settled on Nov. 21, included 13.402 million units on the same terms.
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: | Units of one share and one half-share warrant
|
| Amount: | C$3.795 million
|
| Units: | 15.18 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.35
|
| Placement agent: | Maison Placements Canada Inc.
|
| Settlement date: | Nov. 21 (for C$3.35 million); Dec. 6 (for $444,500)
|
| Stock symbol: | TSX Venture: LAT
|
| Stock price: | C$0.32 at close Nov. 21
|
| Stock price: | C$0.60 at close Dec. 6
|
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