24
Oct
15:33
Latin Resources eyes $22m for Brazilian lithium project
Australia-listed Latin Resources said Monday it has received firm commitments to raise AUD 35 million ($22.2m) via an institutional placement, Kallanish learns.
Under the placement, Latin will issue around 140m shares, priced at AUD 0.25/share, representing a 5.7% discount to the last closing price of AUD 0.265.
The mineral exploration company will use the funds to expand and accelerate its exploration program at the Salinas lithium project in Brazil, it sai…
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