Twitter Facebook LinkedIn YouTube

Private Placement: Latin Metals (TSXV:LMS)

Video Platform Video Management Video Solutions Video Player

The company is looking to raise gross proceeds of up to $1 million from the placement of up to 6,666,667 units priced at $0.15 per unit. The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.25 for 24 months.

Additional Information:

Company: Latin Metals
Website: http://www.Latin-Metals.com
Stock Symbol: TSXV: LMS
Date Published: Sep 10, 2021
Transcript: Available

Video Transcript:

I’m Katriina Cotton for Investmentpitch Media

Latin Metals has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $1 million from the placement of up to 6,666,667 units priced at $0.15 per unit.

The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.25 for 24 months.

The net proceeds will be used to fund ongoing exploration at the company’s mineral projects and for general working capital.

The shares are currently trading at $0.175.

The company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.

The company has a diversified portfolio of base and precious metals projects in South America, with 10 projects in Argentina and another 3 in Peru.

Here are a few examples of transactions over the last nine months.

In January, the company optioned the Esperanza copper gold project to Libero Copper and Gold Corporation.

In March, Patagonia was granted an option to acquire a 100% interest in the Mina Angela project.

The recent non-binding agreement on the Organullo, Ana Maria and Trigal properties to AngloGold Ashanti, which if finalized would result in aggregate payments of US$2,550,000 to Latin Metals and spending of US$10,000,000 on the property by AngloGold.

For more information, please visit the company’s website at www.Latin-Metals.com, contact Keith Henderson,
President & CEO, at 604-638-3456 or by email at info@Latin-Metals.com.

I’m Katriina Cotton for Investmentpitch Media