Latin American Minerals raises C$1.09mln as it closes second tranche of placing

Total proceeds raised via the offering was C$2.15mln after the group issued over 28.6mln units.
Latin American Minerals raises C$1.09mln as it closes second tranche of placing
The group is a resource company focused on South America

Paraguay-focused Latin American Minerals Inc (CVE:LAT) has closed the second tranche of a previously announced placing, raising around C$1.096mln.

Total proceeds raised via the offering was C$2.15mln after the group issued over 28.6mln units.

Each unit consisted of one share and one share purchase warrant. Each warrant entitles the holder to buy one share for five years from closing at ten cents a share.

As reported earlier this month, the group lifted the size of the financing having raised around C$1.053mln in the first tranche.

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