00:07:13 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Los Andes Copper Ltd
Symbol LA
Shares Issued 216,669,186
Close 2015-11-24 C$ 0.115
Market Cap C$ 24,916,956
Recent Sedar Documents

Los Andes closes $305,569 second tranche of financing

2015-12-01 18:17 ET - News Release

Mr. Antony Amberg reports

LOS ANDES ANNOUNCES SECOND TRANCHE CLOSING

Los Andes Copper Ltd. has closed the second tranche of the private placement announced in its news release dated Sept. 10, 2015. On Nov. 26, 2015, the company issued 1,388,950 shares at 22 cents per share for gross proceeds of $305,569. These shares are subject to a hold period under applicable Canadian securities laws expiring on March 27, 2016.

Los Andes sold a total of 7,407,495 units at a price of 22 cents per unit for total gross proceeds of $1,629,649 (see Oct. 5, 2015, news release).

The company will use these proceeds for the drilling program of the central core of the Vizcachitas porphyry copper-molybdenum project and for working capital purposes.

The private placement is subject to acceptance by the TSX Venture Exchange.

We seek Safe Harbor.

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