Latin American Minerals Inc.

Published : April 01st, 2016

Latin American Minerals Announces Gold Streaming Agreement and Concurrent Financing

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Keywords :   Diamond | Paraguay | Recovery |

Latin American Minerals Announces Gold Streaming Agreement and Concurrent Financing

April 1, 2016. Toronto, Ontario. Latin American Minerals LAT-TSX-V ( 'LAT' or the 'Company') today announced the signing of a non-binding Term Sheet ('Term Sheet') for a gold streaming metal purchase agreement ('Metal Purchase Agreement') for its Paso Yobai gold project with SilverStream SEZC (SilverStream) and a concurrent private placement financing for CAD$500k. The Metal Purchase Agreement is subject to satisfactory due diligence by SilverStream.


  • SilverStream to provide US$1,000,000 to LAT in 3 tranches, $500,000 on the signing of a binding Metal Purchase Agreement and two further tranches of $250,000 based on near term production milestones.
  • SilverStream will have the right to purchase 43% of the total production of gold from the project, at a price per ounce equaling the lesser of US$350 per ounce or 80% of the prevailing market price of gold until 1,500 ounces have been delivered. Thereafter the metal stream shall reduce to 7.5% of production for the life of the project.
  • A SilverStream representative will be appointed as a non-executive director of LAT.

Basil Botha, CEO & Chairman of the company said; 'This gold stream is an important milestone for LAT. It validates the extensive work already done and the viability of the project. It also enables us to implement the recommendations from the J.T. Boyd report (see shareholder update February 22, 2016) to improve production at the Independencia mine. The concurrent financing will be used for G&A and production based initiatives.'

The Concurrent Financing

The Company also announced that it intends to complete a private placement at a share price of $0.12 per unit (the 'Purchase Price') for gross proceeds of up to $500,000
(the 'Offering'). Each Unit is comprised of one common share of the Company (each 'Common Share') and one half of one common share purchase warrant of the Company (each whole warrant 'Warrant'). Each whole Warrant entitles the holder thereof to purchase one Common Share for a period of two (2) years after the closing date of the Offering at a price of $0.18 per share.

The warrants are callable once the shares have traded at $0.30 for more than 20 consecutive days.

About the Company

Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and Diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.

Management has identified six gold zones for drill testing on the Company's adjacent exploration claims, which is part of the Company's 15,020 hectare Paso Yobai gold project.

For more information, please contact:

Basil Botha, CEO & Chairman

Toronto: (1-416) 363-0841 or Vancouver: (1-604) 418-3856

E-mail: [email protected]


Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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Gold and Silver Prices for these countries : Paraguay | All

Latin American Minerals Inc.

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.

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Financings of Latin American Minerals Inc.
9/6/2013Announces Financing and Extends Warrant Expiry
3/11/2013Extends the Exercise Period for Warrants for A Second Six-Mo...
8/26/2009Lithium Americas Announces Private Placement
8/17/2009Raise Up to $1.5 Million in Private Placement Financing
8/20/2008Announces closing to its previously announced bought deal pr...
Option Grants of Latin American Minerals Inc.
10/14/2009Grants Incentive Stock Options
Project news of Latin American Minerals Inc.
5/30/2013(Paso Yobai)Reports Positive Exploration Achievements at Paso Yobai Gold...
7/6/2011(Itapoty)Signs Option Agreement With Olivut Resources for Development...
2/16/2011(Itapoty)Signs Letter of Intent With Olivut Resources for Development...
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
9/4/2008(Paso Yobai)Retains Consultants and Expands Exploration Program to Inclu...
7/18/2008(Paso Yobai)Samples of Artisan Tailings Indicate Continuity at Paraguay ...
7/17/2008(Paso Yobai)Encouraging Mineralization Observed
7/16/2008Discovers Diamonds in Paraguay and Secures 1,650 Square Kilo...
6/26/2008(Rio Tendal)identifies high grade zinc massive sulfides in the drilling ...
6/4/2008(Esmeralda (latin American))Reports Three Gold Discoveries
6/2/2008(Paso Yobai)Triples Length of Discovery Zone to 2,000m
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...
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
7/13/2016Latin American Minerals Strengthens Board With New Directors
7/11/2016Latin American Appoints Chief Operating Officer To Manage Mi...
7/7/2016Latin American Minerals Initiates New Investor Relations Pro...
7/6/2016Latin American Minerals Strengthens Management Team
6/28/2016Latin American Minerals Announces Closing of Second Tranche ...
6/11/2016Latin American Minerals Increases Amount of Private Placemen...
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...
4/1/2016Latin American Minerals Announces Gold Streaming Agreement a...
1/28/2016Latin American Minerals Announces Appointment of Auditors
1/4/2016Latin American Minerals Grants Incentive Stock Options
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...
9/29/2014Latin American Minerals Reports Milestone: Heap Leach Proces...
9/9/2014Latin American Minerals Extends Warrant Expiry
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
10/6/2009Completes Previously Announced $1.5 Million Financing
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
2/26/2009Closes in on the Source of 40 Macro-Diamonds Discovered at I...
1/14/2009retains TRU Group Inc. to accelerate development of Salares ...
11/13/2008Acquires Lithium Project in Argentina Following Positive Ini...
7/22/2008Stakes Potash Projects in Puna Region, Argentina
4/5/2006Announces closing of its qualifying transaction and concurre...
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