Latin Metals Announces Closing of Oversubscribed Private Placement for Gross Proceeds of $1.33 Million NR25-08 Ma y 20, 2025
Latin Metals Announces Closing of Oversubscribed
Private Placement for Gross Proceeds of $1.33 Million
NR25-08 Ma y 20, 2025
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company” ) - (TSXV: LMS)
(OTCQB: LMSQF) is pleased to announce the closing of its previously announced non-brokered
private placement (the “Financi ng”) for aggregate gross proceed s of $1,330,499.94, through the
issuance of 12,095,454 units (each a “Unit”) at a su bscription price of $0.11 per Unit. Each Unit
consists of one common share in the capital of Latin Metals (each, a “Share”) and one common
share purchase warrant, with each warrant entitling the holder thereof to purchase one Share at a
price of $0.20 per Share for a period of 36 months from the closing of the Financing. If the volume-
weighted average price of the Company’s Shares is greater than or equal to $0.30 for 15 consecutive
trading days, the Company may accelerate the expiry date of the Warrants by providing written notice
to the holder, in which case the warrants will expire 30 days from the date of such notice.
In connection with the closing of the Financing, the Company paid finders fees on a portion of the
Financing to Leede Financial Inc. consisting of a $37,870 cash commission and 344,272 finder’s
warrants, and to Haywood Financial Inc. consisting of a $3,850 cash commission and 35,000 finder’s
warrants. Each finder’s warrant entitles the holder thereof to purchase one Share at a price of $0.11
per Share for a period of 12 months from the closing of the Financing. All securities issued by the
Company pursuant to the Financing are subject to a hold period of four months and one day in
Canada.
The proceeds of the Financing are intended to fund exploration, generative work, and for general
working capital. The closing of the Financing is subject to receipt of TSX Venture Exchange final
approval.
About Latin Metals
Latin Metals Inc. is a copper, gold and silver ex ploration company operating in Peru and Argentina
under a prospect generator model, minimizing risk and dilution while maximizing discovery
potential. With 18 projects, the company secures option agreements with major mining companies
to fund exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and
Moxico Resources (Esperanza & Huachi Copper-Gold Projects). This approach provides early-stage
exposure to high-value mineral assets. Latin Metals is actively seeking ne w strategic partners to
advance its portfolio.
Recent and Upcoming Conferences
Latin Metals recently presented and met with investors at two European investor events:
121 Mining Investment Conference – London (May 12–13, 2025)
Deutsche Goldmesse – Frankfurt (May 16–17, 2025)
Upcoming investor conferences include:
The Mining Event – Quebec City (June 3–5, 2025)
The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025)
NR25-08 Continued 2 May 20, 2025
These events provide key opportunities to showcase Latin Metals’ progress and introduce its high-
quality portfolio to new strategic and institutional audiences.
Stay Connected
Follow Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest
developments, exploration updates, and corporate news.
On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further details on the Company readers are referred to the Company's website (www.latin-
metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
E-mail: [email protected]
Elyssia Patterson, VP Investor Relations
Email: [email protected]
Phone: 778-683-4324
Neither TSX Venture Exchange nor its Regulation Serv ices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S.
securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fa ct, included herein includ ing, without limitation,
the anticipated content, commencement, timing and cost of exploration programs in respect of the
Property and otherwise, anticipated exploration program results from exploration activities, and the
Company's expectation that it will be able to enter into agreements to acquire interests in additional
mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the
Properties, and the anticipated business plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be correct. Often, but not always,
forward looking information can be identified by words such as "pro forma", "plans", "expects",
NR25-08 Continued 3 May 20, 2025
"may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes",
"potential" or variations of such words including ne gative variations thereof, and phrases that refer
to certain actions, events or results that may, could, would, might or will occur or be taken or
achieved. In making the forward-looking statements in this news release, the Company has applied
several material assumptions, including without limitation, market fundamentals will result in
sustained precious and base meta ls demand and prices, the receipt of any necessary permits,
licenses and regulatory approvals in connection with the future development of the Company’s
Argentine projects in a timely manner, the availability of financing on suitable terms for the
development, construction and continued operation of the Company projects, and the Company’s
ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unk nown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to differ
materially from any future results, performance or achievements expressed or implied by the
forward-looking information. Such risks and othe r factors include, among others, operating and
technical difficulties in connection with mi neral exploration and development and mine
development activities at the Properties, incl uding the geological mapping, prospecting and
sampling programs being proposed for the Properties (the "Programs"), actual results of exploration
activities, including the Programs, estimation or realization of mineral reserves and mineral
resources, the timing and amount of estimated future production, costs of production, capital
expenditures, the costs and timing of the development of new deposits, the availability of a sufficient
supply of water and other materials, requirements fo r additional capital, future prices of precious
metals and copper, changes in general economic conditions, changes in the financial markets and
in the demand and market price for commodities, possible variations in ore grade or recovery rates,
possible failures of plants, equipment or processes to operate as anticipated, accidents, labour
disputes and other risks of the mining industry, delays or the inability of the Company to obtain any
necessary permits, consents or authorizations required, any current or future property acquisitions,
financing or other planned activities, changes in laws, regulations and policies affecting mining
operations, hedging practices, currency fluctuat ions, title disputes or claims limitations on
insurance coverage and the timing and possible outcome of pending litigation, environmental issues
and liabilities, risks related to joint venture operations, and risks related to the integration of
acquisitions, as well as those factors discussed under the heading as well as those factors
discussed under the heading “Risk Factors” in the Company’s annual management’s discussion and
analysis and other filings of the Company with the Canadian Securities Authorities, copies of which
can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue relian ce on forward looking statements. Except as
otherwise required by law, the Company undertakes no obligation to update any of the forward-
looking information in this news release or incorporated by reference herein.