Latin American Minerals completes first tranche of fund-raising
Latin American Minerals Inc (CVE:LAT) has closed the first tranche of its non-brokered private placement.
It issued 12.45mln unites at a price of 12 cents per unit, raising C$1.49mln.
Each unit comprises one common share of the company and one common share purchase warrant.
READ Latin American Minerals Inc poised to raise up to $1.6mln in placing
Each warrant entitles the holder thereof to purchase one common share for a period of 24 months from the closing of the offering at a price of 15 cents per common share.
Latin American said it may complete one or more additional tranches of the offering.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/178073/latin-american-minerals-completes-first-tranche-of-fund-raising-178073.html
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