Latin American Minerals Announces Closing Of Second Tranche Of Private Placement Of Units
Latin American Minerals Announces Closing Of Second Tranche Of Private
Placement Of Units
June 2, 2017 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”)
announces that it has closed the second tranche of its previously announced non-brokered private
placement by issuing 1,508,333 units (“Units”) at a price of $0.12 per Unit for gross proceeds of
$180,999.96 (the “Offering”).
Each Unit is comprised of one common share (“Common Share”) of the Company and one Common
Share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to purchase one Common
Share for a period of twenty-four (24) months from the closing of the Offering at a price of $0.15 per
Common Share. Together with the first tranche, the Company raised a total of $1,674,420, through the
issuance of 13,953,500 Units.
In connection with the completion of the Offering, certain eligible persons (the “Finders”) were paid a
cash commission of $50,113.60, issued 664,667 Units and issued 1,082,280 non -transferable broker
warrants (“Broker Warrants”). Each Broker Warrant entitles the holder to purchase one Unit for a
period of twenty-four (24) months from the closing of the Offering at a price of $0.12 per Common
Share.
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including
the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be
subject to a hold period of four months plus a day from the date of issuance and the resale rules of
applicable securities legislation. The proceeds of the offering will be used for general working capital
purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The securities have not been and will not be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and
may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities
Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an
exemption from such registration requirements.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core
gold projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing
plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining
activities at its fully permitted mining concession.
Management has identified exploration targets at Independencia Mine, and six new gold zones on the
Company’s adjacent exploration claims, for drill testing. This property package comprises the Company’s
15,020 hectare Paso Yobai gold project.
For more information, please contact:
Basil Botha, CEO & Chairman
Vancouver: (1-604) 418-3856
E-mail: [email protected]
Website: www.latinamericanminerals.com
The Company’s public documents may be accessed at www.sedar.com.
For further information, please visit our website at www.latinamericanminerals.com or email us at
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of
this release.
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward
looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain
events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the
opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-
looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, reader s
should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update
forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this
restriction may constitute a violation of U.S. Securities laws.