By Laura Lutz
Des Moines, Nov. 2 - Latin Gold Ltd. completed a private placement of shares for A$1.5 million.
The company sold 25 million ordinary shares to Australian stockbrokers for A$0.06 per share.
Proceeds of the non-brokered placement will be used to fund the company's Paron gold project and Michiquillay copper project and other business opportunities in South America.
The placement priced on Oct. 18.
Following the placement, the company has 101,501,434 shares outstanding.
Based in Perth, Australia, Latin Gold is a mineral exploration company focused on South American properties.
| Issuer: | Latin Gold Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$1.5 million
|
| Shares: | 25 million
|
| Price: | A$0.06
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 18
|
| Settlement date: | Nov. 2
|
| Stock symbol: | Australia: LAT
|
| Stock price: | A$0.07 at close Oct. 18
|
| Stock price: | A$0.075 at close Nov. 2
|
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