| Lara Exploration Ltd.: Corporate Update | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - (TSX VENTURE:LRA) - Lara Exploration Ltd. ('Lara' or the 'Company') is pleased to announce that all matters were successfully passed at its Annual General Meeting held on May 25, 2016. The nominated directors that were elected are Miles Thompson, Adrian Calvert, Christopher Jones, and William Steers.
Lara also announces that pursuant to the Company's stock option plan, 100,000 incentive stock options exercisable at $0.86 per share for a period of five years have been granted to a director of the Company.
About Lara
Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits in Brazil, Peru, Colombia and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol 'LRA'.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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Lara Exploration Ltd.
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EXPLORATION STAGE |
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CODE : LRA.V |
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ISIN : CA5166831092 |
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Lara Expl. is a silver and gold exploration company based in Canada. Lara Expl. holds various exploration projects in Brazil. Its main exploration properties are CAMPOS VERDES, SÃO LOURENÇO, CURIONOPOLIS, CONCEICAO BRAZIL, ARAGUAIA, CANABRAVA and LIBERTADE BRAZIL in Brazil and LARA COPPER, PICHA and LAMPA in Peru. Lara Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 21.6 millions as of today (US$ 17.2 millions, € 15.1 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 2.14, and its lowest recent point on August 07, 2015 at CA$ 0.20. Lara Expl. has 34 210 000 shares outstanding. |