New Issue: Largo wraps C$2.36 million private placement of shares

By Devika Patel

Knoxville, Tenn., Feb. 5 - Largo Resources Ltd. said it settled a C$2.36 million non-brokered private placement of stock. The deal priced for C$3 million on Dec. 10.

The company sold 39,319,511 common shares at C$0.06 per share.

Proceeds will be used for working capital.

Largo is a Toronto-based resource development and exploration company.

Issuer:	Largo Resources Ltd.
Issue:	Common shares
Amount:	C$2,359,170.74
Shares:	39,319,511
Price:	C$0.06
Warrants:	No
Agent:	Non-brokered
Pricing date:	Dec. 10
Settlement date:	Feb. 5
Stock symbol:	TSX Venture: LGO
Stock price:	C$0.07 at close Dec. 9

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