Latin American Minerals Inc.

Latin American Minerals Inc.

December 06, 2006 15:37 ET

Latin American Minerals Inc. Closes Final Tranche of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Latin American Minerals Inc. (the "Company") (TSX VENTURE:LAT) has closed the final tranche of its private placement previously announced. The final tranche involved the issue of 1,778,000 units (each unit consisting of one common share and one-half of one common share purchase warrant) for gross proceeds of $444,500. The full private placement raised gross proceeds of $3,795,000 consisting of 15,180,000 common shares of the Company at $0.25 per common share and 7,590,000 warrants. Each warrant is exercisable at $0.35 per common share of the Company within one year following the closing. In addition, the Corporation issued 64,000 units in lieu of a portion of the commission.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of exploration opportunities in Central and South America.

The Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Latin American Minerals Inc.
    David Wahl, P.Eng., P.Geo,
    President and CEO
    (416) 843-7851