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Latin American Minerals Announces Closing Of Second Tranche Of Private Placement Of Units
(via TheNewswire) Toronto, Ontario / TheNewswire / June 2, 2017 - Latin American Minerals ...
About this update from Sterling Metals Corp.
[{"type":"text","content":"Latin American Minerals Announces Closing Of Second Tranche Of Private Placement Of Units(via TheNewswire)\n\n \nToronto, Ontario / TheNewswire / June 2, 2017 - Latin American Minerals Inc. (TSXV: LAT) (the \"Company\") announces that it has closed the second tranche of its previously announced non-brokered private placement by issuing 1,508,333 units (\"Units\") at a price of $0.12 per Unit for gross proceeds of $180,999.96 (the \"Offering\"). \n\n \n \nEach Unit is comprised of one common share (\"Common Share\") of the Company and one Common Share purchase warrant (\"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share for a period of twenty-four (24) months from the closing of the Offering at a price of $0.15 per Common Share. Together with the first tranche, the Company raised a total of $1,674,420, through the issuance of 13,953,500 Units.\n\n\n \nIn connection with the completion of the Offering, certain eligible persons (the \"Finders\") were paid a cash commission of $50,113.60, issued 664,667 Units and issued 1,082,280 non-transferable broker warrants (\"Broker Warrants\"). Each Broker Warrant entitles the holder to purchase one Unit for a period of twenty-four (24) months from the closing of the Offering at a price of $0.12 per Common Share.\n\n\n \nClosing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds of the offering will be used for general working capital purposes.\n\n\n \nThis press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities la...