LRS Latin Res

TIDMLRS

RNS Number : 2346K

Latin Resources Limited

26 July 2013

26 July 2013

Share Placement

Latin Resources Limited ('Latin' or 'the Company') is seeking to raise funds by issuing up to 18 million fully paid ordinary shares at an issue price of A$0.07. Each new share issued will come with one free attaching option exercisable at $0.20 each on or before 26 October 2014, subject to shareholder approval (Placement).

The Placement will be offered to investors entitled to receive such offers pursuant to Section 708 of the Corporations Act.

No related parties or associates of related parties of the Company will participate in the Placement.

The Company will announce final applications for the Placement on or before 31 July 2013.

The funds raised from the Placement will be used to progress the Company's projects in Peru and for working capital purposes.

For further information please contact:

 
 
 Chris Gale                 David Tasker 
  Managing Director          PPR 
  Latin Resources Limited    +61 8 9388 0944 
  +61 8 9485 0601 
 

About Latin Resources

Latin Resources Limited (ASX: LRS, SETSQX: LRS) is a mineral exploration company focused on creating shareholder wealth through the identification and definition of mineral resources in Latin America, with a specific focus on Peru. The company has a portfolio of projects in Peru and is actively its projects in its two main project areas Guadalupito (Iron and Heavy Mineral Sands) and Ilo (Iron, Copper & Gold).

This information is provided by RNS

The company news service from the London Stock Exchange

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