By Devika Patel
Knoxville, Tenn., Sept. 15 - Loreto Resources Corp. completed a $1.35 million private placement of stock on Sept. 9, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 1.35 million common shares at $1.00 apiece.
Proceeds will be used for general corporate purposes in connection with the company's new strategy and focus on the mining sector in South America, with its initial focus on opportunities in Peru.
Loreto Resources is based in Sarasota, Fla.
| Issuer: | Loreto Resources Corp.
|
| Issue: | Common stock
|
| Amount: | $1.35 million
|
| Shares: | 1.35 million
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | Sept. 9
|
| Stock symbol: | OTCBB: LRTC
|
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