Lara Successfully Completes $2.0 Million Private Placement
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NEWS RELEASE
LARA SUCCESSFULLY COMPLETES $2.0 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia, March 26, 2019 (TSX Venture: LRA) – Lara Exploration Ltd., (“Lara”
or the “Company”) is pleased to report that it has completed a non -brokered private placement financing
raising $ 2,000,000 by the issuance of 4,000,000 units at $ 0.50 per unit. Each unit consisted of one
common share and one half of a non -transferable common share purchase warrant. Each full warrant
entitles the holder to purcha se an additional common share at $ 0.70 until March 26, 2021 . If, after July
26, 2019, the closing price of the Company's shares on the TSX Venture Exchange is $ 1.00 or greater for
10 consecutive trading days, the Company may, by news release issued within five t rading days thereof,
accelerate the expiry of the warrants to the 21 st calendar day (not the 21 st trading day, as previously
announced) after such news release.
The Company paid finders' fees of 5% to Ra ymond James Ltd. ($2,500) and Sprott Global Resource
Investments, Ltd . ($25,000) in respect of subscriptions from investors introduced by them as finders.
Insiders of the Company purchased 900,000 units and a Pro Group member purchased a further 30,000
units.
The shares, and any shares issued on the exercise of the warrants, are subject to a restricted resale period
under Canadian securities law until July 27, 2019.
The proceeds of the offering will be used by Lara to further its mineral property acquisi tion and
exploration activities and for general corporate purposes.
About Lara
Lara is an exploration company following the Prospect Generator business model, which aims to
minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint
ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits in
Brazil, Peru, Colombia and Chile. Lara’s common shares trade on the TSX Venture Exchange under the
symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or
contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility
for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in th e United States of America. The
securities have not been and w ill not be registered under the United States Securi ties Act of 1933 (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered
under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
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TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC V6C 1X8
Canada
www.laraexploration.com T: 604.669.8777
F: 604.688.1157