Business
Largo Resources Announces Election to Redeem All of its Outstanding 9.25% Senior Secured Notes
Largo Resources Announces Election to Redeem All of its Outstanding 9.25% Senior Secured N...
About this update from Largo Inc.
[{"type":"text","content":"\n\n\n\nLargo Resources Announces Election to Redeem All of its Outstanding 9.25% Senior Secured Notes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 10, 2019\n\n\n\nTORONTO, June 10, 2019 /CNW/ - Largo Resources Ltd. (\"Largo\" or the \"Company\") (TSX: LGO) (OTCQX: LGORF) is pleased to announce that it has elected to redeem all of its outstanding 9.25% Senior Secured Notes due 2021 (the \"Notes\"). The Notes will be redeemed on July 7, 2019 (the \"Redemption Date\") at a redemption price equal to 104.625% of the principal amount of the Notes plus accrued and unpaid interest to, but not including the Redemption Date.  Largo has provided the required notice to The Bank of New York Mellon, as trustee (the \"Trustee\") under the indenture by and among, Largo and the Trustee dated May 22, 2018 (the \"Indenture\") governing the Notes and the redemption will now be effected in accordance with the terms of the Indenture.\nAbout Largo Resources\nLargo is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Maracás Menchen Mine located in Bahia State, Brazil. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol \"LGO\". For more information on Largo, please visit our website at www.largoresources.com. \nNeither the Toronto Stock Exchange (nor its regulatory service provider) accepts responsibility for the adequacy or accuracy of this press release.\nForward-looking Information: \nThis press release contains forward-looking information under Canadian securities legislation, some of which may be considered \"financial outlook\" for the purposes of application Canadian securities legislation (\"forward-looking statements\"). Forward‐looking information in this press release includes, but is not limited to, statements with respect to Mr. Vollant joining the management team in September and to the expansion of the Company's in-house sales and...