News and Announcements
Significant Chinese firms Lifts Latin Stake to 16.8% Following Completion of AUD$8.4M Placement
- Published March 21, 2012 11:56PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
South American focused exploration and resource development company Latin Resources Limited (ASX:LRS) (“Latin” or “the Company”) is pleased to advise that the AUD$8.4M Placement to Chinese backed group Junefield High Value Metals investment Limited (“Junefield”), as announced to the ASX on 30 November 2011, has been completed, with all shares issued and monies received by the Company.
Latin resources Managing Director, Mr Chris Gale, said “I am pleased, as a result of the Placement, to introduce a new long term-cornerstone investor, further strengthening the Company’s share register as it continues to rapidly advance the Guadalupito Iron Mineral Sands Projects and its other highly prospective assets in the established Ilo mining district.”
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