An anonymous director reports
LARGO RESOURCES ANNOUNCES ELECTION TO REDEEM ALL OF ITS OUTSTANDING 9.25% SENIOR SECURED NOTES
Largo Resources Ltd. has elected to redeem all of its outstanding 9.25 per cent senior secured notes due 2021. The notes will be redeemed on July 7, 2019, at a redemption price equal to 104.625 per cent of the principal amount of the notes plus accrued and unpaid interest to, but not including the redemption date. Largo has provided the required notice to Bank of New York Mellon, as trustee, under the indenture by and among Largo and the trustee dated May 22, 2018, governing the notes, and the redemption will now be effected in accordance with the terms of the indenture.
About Largo Resources Ltd.
Largo is a Toronto-based strategic mineral company focused on the production of vanadium flake, high-purity vanadium flake and high-purity vanadium powder at the Maracas Menchen mine located in Bahia state, Brazil.
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