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Latin American Minerals completes first tranche of fund-raising

Latin American said it may complete one or more additional tranches of the offering.
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The company raised C$1.49mln

Latin American Minerals Inc (CVE:LAT) has closed the first tranche of its non-brokered private placement.

It issued 12.45mln unites at a price of 12 cents per unit, raising C$1.49mln.

Each unit comprises one common share of the company and one common share purchase warrant.

READ Latin American Minerals Inc poised to raise up to $1.6mln in placing

Each warrant entitles the holder thereof to purchase one common share for a period of 24 months from the closing of the offering at a price of 15 cents per common share.

Latin American said it may complete one or more additional tranches of the offering.

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