Largo Resources Ltd.
TSX VENTURE : LGO

Largo Resources Ltd.

August 02, 2006 16:05 ET

Largo Closes Final Tranche Of Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Aug. 2, 2006) - Largo Resources Ltd. (TSX VENTURE:LGO) has completed the second tranche of its $1,010,000 private placement offering through the issuance of 2,300,000 flow through shares at $0.25 per flow through share for total gross proceeds of $575,000. Each of the flow through shares is subject to a hold period that will expire on December 3, 2006. The proceeds will be used by the Company for exploration purposes.

Largo is a Canadian natural resource development and exploration company with an advanced-stage project in the Yukon, the Northern Dancer Tungsten-Molybdenum deposit, and a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador. The company is listed on the TSX Venture Exchange under the symbol LGO.








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