| Latin American Minerals Announces Closing of Financing | |
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April 30, 2015 - TORONTO, ONTARIO - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Company") announces that it has closed a financing under revised terms to those announced in the April 21, 2015 press release. The Company has issued $145,075 in promissory notes bearing simple interest at 1% per month. 4,145,000 share purchase warrants exercisable at $0.05 for a term of twenty four months will be issued in relation to this financing.
The promissory notes are unsecured, repayable at the Company's discretion at any time with written notice, and mature on April 29, 2016. One insider of the Company participated in the financing for an amount of $10,500.
Final approval has been received from the TSX Venture Exchange. No finder's fees were paid on the financing. The net proceeds are to be used for general working capital purposes to address a short term working capital deficiency.
About the Company
Latin American Minerals Inc. is a mineral exploration company which holds its core gold and Diamond projects in Paraguay. The Company is currently expanding its Independencia Mine pilot plant operation to encompass heap-leach gold recovery from mineralization extracted in open pit bulk sampling activities at its fully permitted mining concession. Three reusable leach pads are in operational trials.
Six large gold zones are ready for drill testing on the Company's adjacent exploration claims, also part of the Company's large 15,020 hectare Paso Yobai gold project.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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Latin American Minerals Inc.
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EXPLORATION STAGE |
CODE : LAT.V |
ISIN : CA51827X1015 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Latin American Min. is a gold exploration company based in Canada. Latin American Min. holds various exploration projects in Argentina, in Colombia and in Paraguay. Its main exploration properties are LA CAROLINA, RIO TENDAL and USPALLATA GRABEN in Argentina, PASO YOBAI in Paraguay and ESMERALDA (LATIN AMERICAN) in Colombia. Latin American Min. is listed in Canada. Its market capitalisation is CA$ 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. |