Business
Latin American Minerals Inc. Closes Previously Announced Bought Deal Financing
Latin American Minerals Inc. Closes Previously Announced Bought Deal Financing.
About this update from Sterling Metals Corp.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, May 31 /CNW/ - Latin American Minerals Inc. (the "Company")\n(LAT: TSX-V) is pleased to report that it has closed its previously announced\nbought deal private placement financing with a syndicate of underwriters\nco-led by Maison Placements Canada Inc. and Canaccord Capital Corporation and\nincluded Pacific International Securities Inc.\n\n\nThe Company has issued 12,000,000 units, at a price of $1.00 per unit for\ngross proceeds to the Company of $12 million. Each unit will consist of one\ncommon share in the capital of the Company and one half of one common share\npurchase warrant. Each whole warrant will entitle the holder thereof to\npurchase one common share of the Company until the date that is 12 months\nafter the closing date at a price of $1.25 per common share.\n\n\nThe net proceeds from the offering will be used for general corporate\npurposes including potential future acquisitions.\n\n\nThe securities offered have not been registered under the U.S. Securities\nAct of 1933, as amended, and may not be offered or sold in the United States\nabsent registration or an exemption from the registration requirements. This\npress release shall not constitute an offer to sell or the solicitation of an\noffer to buy nor shall there be any sale of the securities in any State in\nwhich such offer, solicitation or sale would be unlawful.\n\n\nLatin American Minerals Inc. is a mineral exploration company focused on\nthe acquisition and development of exploration opportunities in South America.\n\n\nThe TSX-V has not reviewed and does not accept responsibility for the\n\n\nadequacy or the accuracy of this release.\n\n\nThe statements made in this press release that are not historical facts\ncontain forward-looking information that involves risk and uncertainties. All\nstatements, other than statements of historical facts, which address LAT's\nexpectations, should be considered forward-looking statements. Such statements\nare based on management's exercise of business judgment as well as assumptions\nmade by and information currently available to management. When used in this\ndocument, the words "may", "will", "anticipate", "believe", "estimate",\n...