Latin Metals (TSE:LMS) has released an update.
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Latin Metals Inc. is set to raise $2.0 million through a non-brokered private placement, offering up to 25 million units at $0.08 each, with proceeds aimed at funding exploration and general working capital. The units, consisting of shares and warrants, will allow the holder to purchase additional shares at $0.15 over the next 24 months. Directors and officers of the company are expected to show significant support by subscribing to $800,000 of the placement.
For further insights into TSE:LMS stock, check out TipRanks’ Stock Analysis page.