Largo Resources Announces Increase to Private Placement Offering FOR Maximum Proceeds of $35 Million
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This release is intended for distribution in Canada only and is not intended for distribution to United
States newswire services or for dissemination in the United States.
LARGO RESOURCES ANNOUNCES INCREASE TO PRIVATE PLACEMENT OFFERING FOR
MAXIMUM PROCEEDS OF $35 MILLION
December 7, 2017 – Toronto, Ontario – Largo Resources Ltd. (TSX - LGO) (the “Corporation”) is
pleased to announce that due to favourable demand for participation in its previously announced non-
brokered private placement (see press release dated December 1, 2017), (the “Offering”), the
Offering is being increased from a maximum of $25 million to a maximum of $35 million.
The Corporation anticipates that it will close the second tranche of the Offering on or about December
11, 2017.
Mark Smith, President and Chief Executive Officer for Largo, stated: “We are delighted by the
excellent response to the Offering and the ongoing support of our shareholders. We also welcome our
new shareholders and remain committed to delivering strong operating and fiscal performance for the
benefit of all our stakeholders.”
About Largo Resources Ltd.
Largo Resources Ltd. is a strategic mineral company focused on the production of va nadium
pentoxide at its Vanadio de Marac ás Menchen Mine. Vanadium is primarily used as an alloy to
strengthen steel and reduce its weight. Vanadium enhanced steels are used in a vast and growing
range of products that are used and encountered every day; in cluding, rebar, automobiles, transport
infrastructure etc. As trends in the steel industry now demand increasingly stronger and lighter
products for advanced applications, the use of vanadium is expected to grow over the medium and
long term. Largo also ha s interests in a portfolio of other projects, including: a 100% interest in the
Currais Novos Tungsten Tailings Project in Brazil; a 100% interest in the Campo Alegre de Lourdes
Iron-Vanadium Project in Brazil; and a 100% interest in the Northern Dancer Tu ngsten-Molybdenum
property in the Yukon Territory, Canada. For more information, please visit www.largoresources.com.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian
securities l aws, including statements regarding the anticipated use of proceeds. Forward -looking
information is not a guarantee of future performance or results, since it involves risks and
uncertainties. There is no assurance that forward -looking statements will prov e to be accurate, and
actual results and future events could differ materially from those anticipated in forward -looking
statements. Some of the factors on which the forward -looking statements are premised include (but
are not limited to) the lack of mater ial changes to general economic, market and business conditions.
Forward-looking information is subject to the risk that those factors will not materialize, and to other
risks, including the closing of the second tranche of the private placement and potential settlement of
debt. Except as required by law, the Corporation does not assume and expressly renounces any
obligation to update any forward-looking information, which is only applicable on the date on which it is
given.
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For further information, please contact:
Largo Investor Relations