15 August 2016 PLACEMENT Latin Resources Limited (ASX:LRS)...

15 August 2016
PLACEMENT
Latin Resources Limited (ASX:LRS) (“Latin Resources or the Company”) is pleased to advise that it has
raised $3.4m through a placement with PAC Partners Pty Ltd (“PAC Partners”) and EverBlu Capital Pty
Ltd (“EverBlu”) acting as joint lead managers.
The Company has received applications from sophisticated and professional investors for a total of
309,090,909 shares at a price of $0.011 per share (“Placement”). In addition, the Company will issue 1
free attaching listed option for every 2 shares held at an exercise price of $0.02 on or before 31 March
2017. The issue of the Listed Options will be subject to shareholder approval.
PAC Partners, as Latin Resources corporate advisers, will continue to assist the company with strategic
advice to expedite the development of the new company strategy of developing its lithium business in
Argentina.
The funds raised from the Placement will be used to secure the lithium bearing pegmatite properties
identified in Argentina, expedite further exploration work and for working capital.