Latin Resources Limited announced that it has received AUD 2.03 million in funding.
On December 21, 2012, Latin Resources Limited closed the first tranche. The company issued 13,483,333 shares for gross proceeds of AUD 2,022,500. The transaction was oversubscribed. The allotment and quotation of shares is expected to occur on or before December 31, 2012.
On January 9, 2013, Latin Resources Limited closed the transaction. The company issued 13,517,669 shares for gross proceeds of AUD 2,027,650.