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TORONTO, May 9 /CNW/ - As announced on May 8, 2007, Latin American Minerals Inc. (the "Company") (LAT: TSX-V) entered into an agreement for a bought deal financing with a syndicate of underwriters co-led by Maison Placements Canada Inc. and Canaccord Capital Corporation (the "Underwriters").
The Underwriters and the Company have agreed to increase the size of the offering to a total of $12 million on the same terms as those previously announced.
"I am extremely gratified that investors are showing such strong interest in our projects and team. This will give us the capital to continue to develop our projects and pursue potential future acquisitions," stated Dr. David Wahl, President and CEO.
Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of exploration opportunities in South America.
The TSX-V has not reviewed and does not accept responsibility for the
adequacy or the accuracy of this release.
The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address LAT's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Company's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
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