Latin American Minerals Inc.

Published : April 15th, 2008

EXERCISES OPTION TO ACQUIRE A 75% INTEREST IN LA CAROLINA GOLD PROPERTY, ARGENTINA

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LATIN AMERICAN MINERALS EXERCISES OPTION TO ACQUIRE  A 75% INTEREST IN LA CAROLINA GOLD PROPERTY, ARGENTINA.

Toronto, Canada, 14, 2008, Latin American Minerals Inc. (LAT - TSX-V) announces that it has exercised its option to acquire a 75% interest in certain mineral claims collectively known as the La Carolina Property.LAT has completed the required exploration expenditures under the existing option agreement and, with the final issuance of 175,000 common shares and payment of US$75,000 to the optionors, has acquired a 75% interest in the property. The shares were issued on March 27, 2008 at the market price of $0.57 per share.A joint venture agreement between LAT and the optionors will be put in place in due course.

The property is a gold prospect located in the La Carolina District of San Luis Province in west-central Argentina. It is situated at an elevation of approximately 1,600m in the Sierras de San Luis and lies 85km north of the provincial capital, San Luis, and consists of three contiguous staked and optioned exploration concessions covering approximately 3,500ha.

�La Carolina has considerable untapped gold potential and we are very pleased to have earned a 75% interest and be entering the joint venture phase with our partners Geocom Resources Inc., TNR Gold Corp. and Compania Minera Solitario�stated David Wahl, President and Chief Executive Officer of LAT.

LAT is a mineral exploration company focused on the acquisition and development of base and precious metals projects in under-explored but highly prospective countries of Latin America.

For more information please contact:

David Wahl, President and CEO at (416) 363-0841

or visit www.latinamericanminerals.com

The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. This news release contains forward-looking statements, which can be identified by the use of statements that include words such as �could�, �potential�, �believe�, �expect�, �anticipate�, �intend�, �plan�, �likely�, �will� or other similar words or phrases.  These forward-looking statements, including statements regarding the Corporation�s beliefs in potential mineralization, are based on current expectations, assumptions and projections about future events and entail various risks and uncertainties that are beyond the Corporation�s ability to control or predict.  Actual results may materially differ from expectations as more information regarding a property is gathered or if the Corporation�s estimates or assumptions prove inaccurate.  Factors that may materially affect actual results include, but are not limited to, political, business and economic conditions in Argentina and in jurisdictions where the Corporation conducts business, and risks associated with mineral exploration and production.  The Corporation does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities law. Readers should not place undue reliance on forward-looking statements. The results described herein are exploratory in nature and there can be no assurance that they are indicative of Mineral Resources as defined in accordance with National Instrument 43-101.

 

 


 

Latin American Minerals Inc.

EXPLORATION STAGE
CODE : LAT.V
ISIN : CA51827X1015
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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.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Latin American Minerals Inc.
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10/14/2009Grants Incentive Stock Options
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2/1/2011(Paso Yobai)2011 Paso Yobai Gold Exploration Underway in Paraguay
11/5/2009(Paso Yobai)Discovers Important New Gold Zone at Its Paso Yobai
6/17/2009(Rio Tendal)Latin Amerincan Minerals Press Release
1/9/2009(Paso Yobai)Reports 7 gpt Gold over 8.5 Metres at Paso Yobai, Paraguay
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7/18/2008(Paso Yobai)Samples of Artisan Tailings Indicate Continuity at Paraguay ...
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4/23/2008(Rio Tendal)adds a Second Drill on its Tendal VMS Project La Rioja, Arge...
4/16/2008(La Carolina)Options Its La Carolina Gold Property to Argentinean Venture...
4/15/2008(La Carolina)EXERCISES OPTION TO ACQUIRE A 75% INTEREST IN LA CAROLINA G...
1/18/2008(Paso Yobai)Intersects 6.5m with 26.64gpt gold including 4m with 43.08gp...
Corporate news of Latin American Minerals Inc.
8/2/2016Reconfiguration Of The Gold Processing Plant At The Independ...
7/27/2016Latin American Minerals Announces Changes to Board and Grant...
7/15/2016Protected: Shareholder Update – July 2016
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7/11/2016Latin American Appoints Chief Operating Officer To Manage Mi...
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7/6/2016Latin American Minerals Strengthens Management Team
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5/31/2016Latin American Minerals Amends Terms of Private Placement an...
5/31/2016Latin American Minerals Appoints New CFO
4/12/2016Latin American Announces Closing of First Tranche of Private...
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1/28/2016Latin American Minerals Announces Appointment of Auditors
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12/30/2015Latin American Announces Effective Date of Consolidation
12/22/2015Latin American Minerals Announces Shareholder Approval Of Co...
12/22/2015Latin American Announces Shareholder Approval of Consolidati...
10/29/2015Latin American Minerals Increases Private Placement to $1,50...
10/26/2015Latin American Minerals Closes First Tranche of $1,000,000 P...
10/26/2015Latin American Minerals Closes First Tranche of $1,000,000 P...
10/6/2015Latin American Minerals Announces $1,000,000 Non-Brokered Pr...
8/25/2015Latin American Minerals Closes $200,000 Financing, Announces...
4/21/2015Latin American Minerals Announces Private Placement Financin...
1/22/2015Latin American Minerals Extends Warrant Expiry
1/9/2015Latin American Minerals Completes Construction of Three Heap...
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7/11/2014Latin American Minerals Announces Closing of $1,000,000 Fina...
6/27/2014Latin American Minerals Announces $1,000,000 Financing
6/19/2014Latin American Minerals Secures Bank Loan; Pilot Heap-Leach ...
4/25/2014Latin American Minerals Announces Closing of $422,000 Financ...
9/6/2013LAT News Release - Sept. 6, 2013
5/22/2013LAT News Release - May 22, 2013
5/22/2013Adopts Advance Notice By-Law
3/11/2013LAT News Release - March 11, 2013
9/10/2012LAT - News Release - September 10, 2012
8/29/2012LAT - August 29, 2012 - News Release
7/24/2012LAT News Release - July 24, 2012
5/16/2012LAT - May 16, 2012 News Release
3/6/2012LAT News Release - March 6, 2012
2/2/2012LAT - News Release - February 2, 2012
9/21/2011LAT News Release - September 21, 2011
7/6/2011LAT New Release - June 7, 2011
5/25/2011(Paso Yobai)' Paso Yobai Project Advances With Additional High Grade Gol...
2/16/2011LAT - Feb. 16, 2011 - News Release
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9/15/2009Addition of Gary O'Connor to the Board of Directors
9/5/2009Exploration 2009: Network with the latin american mining sce...
8/31/2009Reports on Heads of Agreement
8/28/2009Updates Press Release Dated August 14, 2009 Regarding $1.5 M...
8/12/2009CEO and Executive Chairman Step Down
6/17/2009to Raise $1.575 Million for Its Lithium Properties
6/12/2009and Grupo Minero Los Boros Combine Lithium Properties Into L...
6/1/2009June 1, 2009 News Release
5/22/2009May 22, 2009 News Release
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1/14/2009retains TRU Group Inc. to accelerate development of Salares ...
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