5th World Antimony Forum

June 8-9, 2017
Changsha, Hunan

World Tin Mining Forum 2017

June 1-2, 2017
Zhangjiajie, China

5th World Silicon Forum

May 25-26,2017
Kunming, China

8th World Aluminum Raw Materials Summit 2017

May 18-20,2017
Sanya, Hainan of China

9th International Rare Earth Summit

May 11-12,2017
Shanghai, China

5th World Manganese & Selenium Forum

April 20-21,2017
Changsha, China

10th World Indium & Germanium & Gallium Forum

April 19-21,2017
Xiamen,Fujian,China

6th World Magnesium Forum

April 12-14,2017
Kunming, China

Largo announces new term loan

2017-04-21 14:42:33  【Print】
BEIJING (Asian Metal) 21 Apr 17 - Largo Resources Ltd.Asian Metal Copyright .Asian Metal Copyright ("Largo" or the "Company") announced the entering into of a US$2 million six-month term loan at the Company level (the "Loan").Asian Metal Copyright "Largo" or the "Company" announced the entering into of a US$2 million six-month term loan at the Company level the "Loan".Asian Metal Copyright The Loan will help the parent company address its short term cash requirements while the Company continues to focus on restructuring its current capital structure.

Pursuant to the terms of the Loan, the Company also issued 400,000 common share purchase warrants (the "Warrants") to the lenders with each such Warrant being exercisable to acquire one common share at a price of $0.Asian Metal Copyright .Asian Metal Copyright50 until December 31, 2020.

This short term injection of capital at the parent level and the increasingly positive cash flow at the operating subsidiary level provides the Company with the flexibility to focus on completing their on-going capital restructuring.

About Largo

Largo Resources Ltd.Asian Metal CopyrightBEIJING Asian Metal 21 Apr 17 - Largo Resources Ltd.Asian Metal Copyright is a growing strategic mineral company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen Mine.

.Asian Metal Copyright Pursuant to the terms of the Loan, the Company also issued 400,000 common share purchase warrants the "Warrants" to the lenders with each such Warrant being exercisable to acquire one common share at a price of $0.Asian Metal Copyright

Ferro-vanadium

80% FOB China

Unit:USD/kg V
China's vanadium nitride producers' number MoM output decrease statistics by province by month
Unit: pcs
Related News