LRS Latin Res

TIDMLRS

RNS Number : 4518K

Latin Resources Limited

30 July 2013

30 July 2013

Completion of Share Placement

Latin Resources Limited ('Latin' or 'the Company') is pleased to announce that it has received firm commitments from Sophisticated and Professional Investors to subscribe for 11,428,574 fully paid ordinary shares in the Company at $0.07 per share raising a total of $800,000.18 (before costs).

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.

The allotment and quotation of the new shares is expected to be done on or before 2 August 2013.

No related parties or associates of related parties of the Company participated in the Placement.

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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