OF AMERICA Lara Exploration Increases Private Placement to $2,000,000
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Lara Exploration Increases Private Placement to $2,000,000
March 5, 2019 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or the “Company”) has, due to
investor demand, increased its private placement to $2,000,000 through the issuance of 4,000,000 units at
$0.50 per unit.
Each unit shall consist of one common share and half of one non-transferable, common share purchase
warrant. Each full warrant will entitle the holder to purchase an additional common share at $0.70 for two
years. If, after four months from closing, the closing price of the Company’s shares on the TSX Venture
Exchange is $1.00 or greater for any period of 10 consecutive trading da ys, the Company may, by news
release issued within five trading days thereof, accelerate the expiry of the warrants to the 21st trading
day after such news release.
The Company will pay finder's fees in respect of subscriptions from investors introduced by a finder. The
fee will be payable in cash, or at the finder’s election, the issuance of that number of units equal to 5% of
the number of units issued pursuant to such subscriptions.
There can be no assurance that the private placement will be completed as proposed or at all, and it is
subject to all applicable regulatory approvals. The Shares, and any Shares issued on the exercise of the
Warrants and finder’s fee Warrants, will be subject to a four-month restricted resale period . Mr. Miles
Thompson, President and CEO of the Company, has undertaken to invest $200,000 to purchase 400,000
units of the private placement. The proceeds of the offering will be used by Lara to support new business
efforts and for general corporate purposes.
About Lara
Lara is an exploration comp any fol lowing the Prospect Gener ator 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 will not be registered under the United States Securities Act of 1933 (the “U.S. S ecurities A ct”) or a ny 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.
-30-
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
V6C 1X8
www.laraexploration.com T: 604.669.8777
F: 604.688.1157