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...

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