LRS 5.56% 17.0¢ latin resources limited

Ann: Placement, page-2

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    PLACEMENT

    Latin Resources Limited (ASX:LRS) (“Latin Resources or the Company”) is pleased to advise it has agreed terms for a placement of 213,000,000 shares at an issue price of $0.005 to raise $1,065,000 (Placement). Shares comprising the Placement will be issued to sophisticated and professional investor clients of PAC Partners Pty Ltd and Merchant Corporate Advisory Pty Ltd.

    $1m isn't going to get us far...

    Looks like this will be a nice tax loss come July 1!
 
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