Latin Resources sets a plan to fund its heavy mineral sands exploration in Peru

By Antonio Torrisi
Published: Friday, 23 May 2014

Through a shared purchase plan priced at 10% discount to the market, the Australian junior aims to raise enough money to continue testworks at its Guadalupito heavy mineral sands project to produce magnetite, andalusite and titanium dioxide.

ASX-listed Latin Resources announced a share purchase plan (SPP) to continue testworks on its Guadalupito heavy mineral sands project in Peru.

The plan will raise up to a maximum of Australian dollar (A)$2m ($1.84m*) by issuing over 54,000,000 shares at a price of A$0.038/share, which represents a 10% discount on...

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