Business
Largo Announces US$60 Million At-The-Market Equity Offering Program
All dollar amounts expressed are in U.S. dollars. Largo Inc. (" Largo " or the " ...
About this update from Largo Inc.
[{"type":"text","content":"Largo Announces US$60 Million At-The-Market Equity Offering Program\n\n\n\n\n\n\n All dollar amounts expressed are in U.S. dollars.\n \n\n\n\n Largo Inc. (\"\n \n Largo\n \n \" or the \"\n \n Company\n \n \") (\n \n TSX: LGO\n \n ) (\n \n NASDAQ: LGO\n \n ), a vanadium producer, is pleased to announce the establishment of an at-the-market equity offering program (the “\n \n ATM Program\n \n ”) pursuant to which the Company may issue and sell common shares having aggregate gross proceeds of up to US$60,000,000 from time to time on The Nasdaq Stock Market.\n \n\n Sales of common shares under the ATM Program, if any, will be made through H.C. Wainwright & Co., LLC, acting as the sole sales agent, at prevailing market prices at the time of sale, subject to market conditions and in accordance with applicable securities laws. Largo is not obligated to sell all or any shares under the ATM program and may suspend or terminate the program at any time.\n \n\n The ATM Program provides the Company with additional financial flexibility and allows Largo to access the capital markets opportunistically, subject to market conditions. Largo intends to use net proceeds from the ATM Program for working capital and general corporate purposes.\n \n\n The ATM Program will be conducted pursuant to a prospectus supplement and an accompanying base shelf prospectus filed with the U.S. Securities and Exchange Commission (the “\n \n SEC\n \n ”). No sale of common shares under the ATM Program will be made in Canada or over or through the facilities of the Toronto Stock Exchange or any other exchange or market in Canada.\n \n\n The Company has filed a registration statement on Form F-3 (File No. 333-291472), including a base shelf prospectus, and a prospectus supplement with the SEC relating to the ATM Program. Prospective investors should refer to the registration statement and read the prospectus supplement and prospectus, together with the documents incorporated by reference, for more complete information about the Company and the ATM Program. Copies of the prospectus supplement and the accompanying prospectus relating to these securities are available on the SEC’s website at\n \n www.sec.gov\n \n or may be obtained from: H.C. Wainwright & Co., LLC, at 430 Park Avenue, 3rd Floor, New York, NY 10022 or by telephone...