Latin Resources clears major debts from books

By Myles McCormick
Published: Tuesday, 01 September 2015

The settlement of a A$2.5m convertible note represents a boon for the Perth-based diversified explorer as it continues work on its flagship andalusite and mineral sands project at Guadalupito, northern Peru.

ASX-listed Latin Resources Ltd has cleared a major debt by settling its Australian dollar (A$) 2.5m ($1.78*) convertible note from Hong Kong-based explorer, Junefield High Value Metals Investments Ltd.

The agreement with Junefield provides for A$1.9m convertible into shares in Latin at A$0.02/share, representing a 280% premium on the current...

This is a preview of the full article

Please login or request a quote to Fastmarkets to view this content

  • 2 years price data on all minerals
  • The latest global news and features
  • Article archive ranging from 1988
  • Access prices on the move with mobile app

Start below: