| Lara Exploration Ltd.: Phillips River Shareholders Approve Acquisition of the Kiwanda Phosphate and Coal Alliance Companies | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 19, 2015) - Lara Exploration Ltd., ("Lara" or the "Company") (TSX VENTURE:LRA) is pleased to report that on May 15, 2015, the shareholders of Phillips River Mining Ltd. ("Phillips River"), overwhelmingly approved (by 185,369 votes in favour to 1,285 against) the proposed transaction to acquire the Kiwanda Phosphate Alliance and Kiwanda Coal Alliance companies and assets (see Company news release of October 15, 2014 for details).
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 |
CODE : LRA.V |
ISIN : CA5166831092 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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$ 27.7 millions as of today (US$ 20.3 millions, € 19.0 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. |