Latin Metals Upsizes Private Placement for Gross Proceeds Up To $1.3 Million
Latin Metals Upsizes Private Placement
for Gross Proceeds Up To $1.3 Million
Not for distribution to United States newswire services or for release, publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States.
NR21-14 September 28, 2021
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
(OTCQB: LMSQF) announces that due to investor interest in its non-brokered private placement
(the “Financing”) announced on September 10, 2021, it is upsizing the Financing to raise total
gross proceeds of up to $1.3 million. The Financing will consist of up to 8,666,667 units in the
capital of the Company (each, a “Unit”) at a subscription price of $0.15 per Unit. Each Unit will
consist of one common share in the capital of Latin Metals (each, a “Share”) and one-half of one
common share purchase warrant, with each whole warrant entitling the holder thereof to
purchase one Share at a price of $0.25 per Share for a period of 24 months from the closing of
the Financing.
The proceeds of the Financing are intended to fund ongoing exploration at the Company’s
mineral projects in Argentina and Peru and for general working capital.
The Company may pay finder’s fees on all or a portion of the Financing, consisting of a cash
commission equal to 7% of the total gross proceeds raised and finder’s warrants equal to 7% of
the total number of Units issued, where each finder’s warrant will entitle the holder thereof to
purchase one Share at a price of $0.15 per Share for a period of 12 months from the closing of
the Financing.
All securities issued in connection with the Financing will be subject to a hold period of four-
months and one day in Canada. The Financing is subject to the receipt of all necessary approvals
including the final acceptance for filing of the Financing with the TSX Venture Exchange and any
applicable securities regulatory authorities. There is no material fact or material change
regarding Latin Metals that has not been generally disclosed.
This news release does not constitute an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws
and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent
registration or an applicable exemption from such registration requirements. This news release
does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale
of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
NR21-14 Continued 2 September 28, 2021
About Latin Metals
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South
America. 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. Shareholders gain exposure to the upside of a
significant discovery without the dilution associated with funding the highest-risk drill-based
exploration.
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 web site (www.latin-
metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: [email protected]
Neither TSX Venture Exchange nor its Regulation Services 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 includes certain 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 fact, included herein including,
without limitation, statements regarding the amount and use of proceeds from the Financing, the payment of
finder’s fees, 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 statements can be identified by words
such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, “believes”, “potential” or variations of such words including negative 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, includi ng without limitation, that costs will remain stable over the relevant period, that market
fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits,
licenses and regulatory approvals in connection with the future development of the Company’s projects in a timely
manner, the completion of the Financing, construction and continued operation of the Company’s projects, and the
Company’s ability to comply with environmental, health and safety laws.
NR21-14 Continued 3 September 28, 2021
Forward-looking information involves known and unknown 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 other factors
include, among others, operating and technical difficulties in connection with mineral exploration and development
and mine development activities for the Project, 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 wate r and other materials,
requirements for additional capital to fund the Company’s business plan, future prices of precious metals, 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, the inability to or delay
in obtaining governmental and reg ulatory approvals (including of the TSX Venture Exchange for the Financing),
permits or financing or in the completion of development or construction activities, changes in laws, regulations and
policies affecting mining operations, hedging practices, currency fluctuations, 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. “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.sedar.com.
Readers are cautioned not to place undue reliance on forward looking information. The Company undertakes no
obligation to update any of the forward -looking information in this news release or incorporated by reference
herein, except as otherwise required by law.