Latin Resources clears major debts from books
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...