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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Latin Res | LSE:LRS | London | Ordinary Share | AU000000LRS6 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMLRS
RNS Number : 9694C
Latin Resources Limited
23 April 2013
23 April 2013
Share Placement
Latin Resources Limited (ASX: LRS) ("Latin" or "the Company") is pleased to announce it has received a commitment from its largest Shareholder, The Junefield Group (Junefield ), to invest a further $950,709 through the issue of 6,338,060 fully paid ordinary shares at an issue price of $0.15 per share (Placement).
The investment will lift Junefield's shareholding in Latin from 19.8% to 22.5% .The Junefield Group will also have the option of appointing an additional Director to the Board of Latin Resources Limited.
The Placement to Junefield at a 25% premium to the last trade is a sign of confidence in Latin's projects in Peru, South America.
The application will be finalised this week and shares issued pursuant to Section 708 of the Corporations Act.
The funds raised from the Placement will be used to progress the Company's projects in Peru and for working capital purposes.
For further information please contact:
Australia United States Chris Gale Allen & Caron Managing Director Rudy Barrio Latin Resources Limited +1 212 691 8087 +61 8 9485 0601 David Tasker PPR +61 8 9388 0944
About Latin Resources
Latin Resources Limited (ASX: LRS, SETSQX: LRS) is a mineral exploration company focused on creating shareholder wealth through the identification and definition of mineral resources in Latin America, with a specific focus on Peru. The company has a portfolio of projects in Peru and is actively progressing the Guadalupito Iron and Heavy Mineral Sands Project and the Ilo Iron, Copper & Gold (IOCG) Projects.
This information is provided by RNS
The company news service from the London Stock Exchange
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