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...