20/09/2010 - 13:03

Latin Resources completes $6m IPO

20/09/2010 - 13:03

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Latin Resources has closed a $6 million initial public offering and hopes to list on the Australian Securities Exchange tomorrow.

Latin Resources completes $6m IPO

Latin Resources has closed a $6 million initial public offering and hopes to list on the Australian Securities Exchange tomorrow.

The company initally offered 25 million shares at 20 cents per share to raise $5 million.

Latin Resources accepted a further $1 million in subscriptions closing the IPO at $6 million.

Cape Lambert Resources will be the largest shareholder with a 17 per cent stake in Latin Resources.

"We are very pleased by the high level interest shown in the Company and its projects from both domestic and international investors," said Latin Resources managing director Chris Gale.

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