Latin Metals Announces Private Placement for Gross Proceeds up to $1.0 Million

Core Points - Latin Metals Inc. announced a non-brokered private placement to raise up to $1.0 million by issuing up to 9,090,090 units at a price of $0.11 per unit [1][2] - Each unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.20 for 36 months [1] - The financing proceeds will be used for exploration, generative work, and general working capital [2] Financing Details - The company may pay finder's fees of up to 7% of total gross proceeds and issue finder's warrants equal to 7% of the total units issued [3] - All securities issued will be subject to a four-month and one-day hold period in Canada [4] - The financing is subject to necessary approvals from the TSX Venture Exchange and applicable regulatory authorities [4] Company Overview - Latin Metals is a copper, gold, and silver exploration company operating in Peru and Argentina, utilizing a prospect generator model [6] - The company has 18 projects and secures option agreements with major mining companies to fund exploration [6] - Current option holders include AngloGold Ashanti and Moxico Resources, providing early-stage exposure to high-value mineral assets [6] Upcoming Events - Latin Metals will present at several upcoming conferences, including the 121 Mining Investment Conference in London and the Deutsche Goldmesse in Frankfurt [8]