| | Published : October 06th, 2009 | Completes Previously Announced $1.5 Million Financing |
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Latin
American Minerals Completes Previously Announced $1.5 Million Financing
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TORONTO,
ONTARIO - (Oct. 5, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT)
(the "Corporation") is pleased to report that it has closed its
previously announced non-brokered private placement (the
"Financing").
The Corporation has issued 10,000,000 units (the "Units") at a
price of $0.15 per Unit for gross proceeds of $1,500,000. Each Unit is
comprised of one common share of the Corporation (a "Common Share")
and one-half of one common share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant shall entitle the holder thereof to
acquire one Common Share at an exercise price of $0.30 per Common Share for a
period of two years.
PowerOne Capital Markets Limited ("PowerOne"), Dundee Securities
Corporation ("Dundee") and Canaccord Capital Corporation
("Canaccord", and together with PowerOne, and Dundee, the
"Finders") received a finder's fee for their contributions towards
completing the Financing. The Finders received an aggregate cash commission
of 7% of the gross proceeds of the Financing. PowerOne and Dundee also
received broker warrants entitling them to acquire such number of Units equal
to 8% of the aggregate number of Units sold in the Financing, at a price of
$0.15 per Unit, exercisable until October 5, 2011 ("Finder's
Warrants").
If the closing price of the Common Shares is higher than $0.60 per Common
Share for a period of 20 consecutive trading days at any time after February
6, 2010, the Corporation may accelerate the expiry date of the Warrants by
giving written notice to the holders of the Warrants and Finder's Warrants
("Notice"). Where Notice is provided, the Warrants and the Warrants
underlying the Finder's Warrants will expire on the 30th day after the date
on which Notice is provided by the Corporation. The securities comprising the
Units and the Finder's Warrants are subject to a statutory hold period that
will expire on February 6, 2010.
The Corporation plans to use the net proceeds from the Financing for working
capital and general corporate purposes.
The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any state securities laws and may not be offered or sold in
the United States of America (the "United States") or to or for the
benefit of U.S. Persons (as such term is defined in Regulation S under the
U.S.. Securities Act) except in transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction.
Latin American Minerals Inc. is a mineral exploration company focused on the
acquisition and development of mineral projects in under-explored but highly
prospective countries of Latin America.
The statements made in this press release that are not historical facts
contain forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address the
Corporation's expectations, should be considered forward-looking statements.
Such statements are based on management's exercise of business judgment as
well as assumptions made by and information currently available to
management. When used in this document, the words "may",
"will", "anticipate", "believe",
"estimate", "expect", "intend" and words of
similar import, are intended to identify any forward-looking statements. You
should not place undue reliance on these forward-looking statements. These
statements reflect our current view of future events and are subject to
certain risks and uncertainties as contained in the Corporation's filings
with Canadian securities regulatory authorities. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove
incorrect, our actual results could differ materially from those anticipated
in these forward-looking statements. We undertake no obligation, and do not
intend, to update, revise or otherwise publicly release any revisions to
these forward-looking statements to reflect events or circumstances after the
date hereof, or to reflect the occurrence of any unanticipated events, unless
required under applicable securities laws. Although we believe that our
expectations are based on reasonable assumptions, we can give no assurance
that our expectations will materialize.
The TSXV nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
CONTACT INFORMATION:
Latin American Minerals Inc.
Raymond Mitchell
(416) 363-0841
http://www.latinamericanminerals.com
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FEATURED LINKS
Latin Amerincan Minerals Website
Latin Amerincan Minerals IR HUB
CONTACT INFO
LAT@agoracom.com
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Disclaimer
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Latin American Minerals Inc.
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EXPLORATION STAGE |
CODE : LAT.V |
ISIN : CA51827X1015 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Latin American Min. is a gold exploration company based in Canada. Latin American Min. holds various exploration projects in Argentina, in Colombia and in Paraguay. Its main exploration properties are LA CAROLINA, RIO TENDAL and USPALLATA GRABEN in Argentina, PASO YOBAI in Paraguay and ESMERALDA (LATIN AMERICAN) in Colombia. Latin American Min. is listed in Canada. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.6 millions). Its stock quote reached its highest recent level on June 20, 2014 at CA$ 2.50, and its lowest recent point on June 19, 2020 at CA$ 0.01. Latin American Min. has 70 440 000 shares outstanding. |
Financings of Latin American Minerals Inc. |
Option Grants of Latin American Minerals Inc. |
Project news of Latin American Minerals Inc. |
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Corporate news of Latin American Minerals Inc. |
8/2/2016 | Reconfiguration Of The Gold Processing Plant At The Independ... |
7/27/2016 | Latin American Minerals Announces Changes to Board and Grant... |
7/15/2016 | Protected: Shareholder Update – July 2016 |
7/13/2016 | Latin American Minerals Strengthens Board With New Directors |
7/11/2016 | Latin American Appoints Chief Operating Officer To Manage Mi... |
7/7/2016 | Latin American Minerals Initiates New Investor Relations Pro... |
7/6/2016 | Latin American Minerals Strengthens Management Team |
6/28/2016 | Latin American Minerals Announces Closing of Second Tranche ... |
6/11/2016 | Latin American Minerals Increases Amount of Private Placemen... |
5/31/2016 | Latin American Minerals Amends Terms of Private Placement an... |
5/31/2016 | Latin American Minerals Appoints New CFO |
4/12/2016 | Latin American Announces Closing of First Tranche of Private... |
4/1/2016 | Latin American Minerals Announces Gold Streaming Agreement a... |
1/28/2016 | Latin American Minerals Announces Appointment of Auditors |
1/4/2016 | Latin American Minerals Grants Incentive Stock Options |
12/30/2015 | Latin American Announces Effective Date of Consolidation |
12/22/2015 | Latin American Minerals Announces Shareholder Approval Of Co... |
12/22/2015 | Latin American Announces Shareholder Approval of Consolidati... |
10/29/2015 | Latin American Minerals Increases Private Placement to $1,50... |
10/26/2015 | Latin American Minerals Closes First Tranche of $1,000,000 P... |
10/26/2015 | Latin American Minerals Closes First Tranche of $1,000,000 P... |
10/6/2015 | Latin American Minerals Announces $1,000,000 Non-Brokered Pr... |
8/25/2015 | Latin American Minerals Closes $200,000 Financing, Announces... |
4/21/2015 | Latin American Minerals Announces Private Placement Financin... |
1/22/2015 | Latin American Minerals Extends Warrant Expiry |
1/9/2015 | Latin American Minerals Completes Construction of Three Heap... |
9/29/2014 | Latin American Minerals Reports Milestone: Heap Leach Proces... |
9/9/2014 | Latin American Minerals Extends Warrant Expiry |
7/11/2014 | Latin American Minerals Announces Closing of $1,000,000 Fina... |
6/27/2014 | Latin American Minerals Announces $1,000,000 Financing |
6/19/2014 | Latin American Minerals Secures Bank Loan; Pilot Heap-Leach ... |
4/25/2014 | Latin American Minerals Announces Closing of $422,000 Financ... |
9/6/2013 | LAT News Release - Sept. 6, 2013 |
5/22/2013 | LAT News Release - May 22, 2013 |
5/22/2013 | Adopts Advance Notice By-Law |
3/11/2013 | LAT News Release - March 11, 2013 |
9/10/2012 | LAT - News Release - September 10, 2012 |
8/29/2012 | LAT - August 29, 2012 - News Release |
7/24/2012 | LAT News Release - July 24, 2012 |
5/16/2012 | LAT - May 16, 2012 News Release |
3/6/2012 | LAT News Release - March 6, 2012 |
2/2/2012 | LAT - News Release - February 2, 2012 |
9/21/2011 | LAT News Release - September 21, 2011 |
7/6/2011 | LAT New Release - June 7, 2011 |
5/25/2011 | (Paso Yobai)' Paso Yobai Project Advances With Additional High Grade Gol... |
2/16/2011 | LAT - Feb. 16, 2011 - News Release |
10/6/2009 | Completes Previously Announced $1.5 Million Financing |
9/15/2009 | Addition of Gary O'Connor to the Board of Directors |
9/5/2009 | Exploration 2009: Network with the latin american mining sce... |
8/31/2009 | Reports on Heads of Agreement |
8/28/2009 | Updates Press Release Dated August 14, 2009 Regarding $1.5 M... |
8/12/2009 | CEO and Executive Chairman Step Down |
6/17/2009 | to Raise $1.575 Million for Its Lithium Properties |
6/12/2009 | and Grupo Minero Los Boros Combine Lithium Properties Into L... |
6/1/2009 | June 1, 2009 News Release |
5/22/2009 | May 22, 2009 News Release |
2/26/2009 | Closes in on the Source of 40 Macro-Diamonds Discovered at I... |
1/14/2009 | retains TRU Group Inc. to accelerate development of Salares ... |
11/13/2008 | Acquires Lithium Project in Argentina Following Positive Ini... |
7/22/2008 | Stakes Potash Projects in Puna Region, Argentina |
4/5/2006 | Announces closing of its qualifying transaction and concurre... |
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