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Largo wins Mining and Metals Deal of the Year Award, 2012 from Project Finance magazine for its Maracas vanadium project financing
www.largoresources.com Symbol : LGO (TSX.V) TORONTO, March 11, 2013 /CNW/ - Largo ...
About this update from Largo Inc.
[{"type":"text","content":"\n\n\n\n\n\nwww.largoresources.comSymbol: LGO (TSX.V) \n\nTORONTO, March 11, 2013 /CNW/ - Largo Resources Ltd. (\"Largo\" or the \"Company\") is pleased to announce that it has been named the recipient of\n Project Finance magazine's Latin American Mining and Metals Deal of the\n Year Award, 2012.\n\n\nThe Maracas financing was led and financed entirely by Brazilian banks\n (BNDES, Itau BBA, Banco Votaratim, Bradesco), and is the first\n Greenfield mining project ever to be fully financed by Brazilian banks.\n\n\nThe total R$556 million transaction, which was completed in June 2012,\n has received international recognition in the project finance deal\n world for its uniqueness and complexity as well as for overcoming tough\n financing conditions for junior miners.\n\n\nMark Brennan, President and Chief Executive Officer stated: \"We are\n enormously excited to receive such a paramount award in the extremely\n competitive Project Finance world. It is unusual for a project\n financing of our size to receive such accolades in a field which\n generally focuses on substantially larger scope projects. I think that\n this speaks to the quality of the deal Largo and our lenders completed,\n but also to the intricacy of its terms and the difficulty of the\n prevailing market conditions. I am extremely honored to have accepted\n this award and hope our shareholders and the market will join us in\n recognizing this enormous achievement.\"\n\n\nhttp://www.projectfinancemagazine.com/IssueArticle/3162581/Deals/Latin-American-Mining-and-Metals-Deal-of-the-Year-2012-Maracas-vanadium.html\n\n\nAbout Project Finance Magazine\n\n\nProject Finance has been covering the oil and gas, power, renewables,\n transport and PPP sectors for over 25 years. As well as infrastructure\n funds, project bonds, water, mining, petrochemicals and telecoms.\n\n\nIn addition to breaking industry news, Project Finance provides in-depth\n analysis of the benchmark deals, tracking the market's progress and\n preparing for new trends and financing techniques.\n\n\nhttp://www.projectfinancemagazine.com\n\n\nAbout Largo\n\n\nLargo is a Canadian-based mineral resource exploration and development\n company focused on creating a world leading strategic metals company. \n Largo currently holds a 100% interest in the Maracás Vanadium Project,\n a 100% interest in the C...