Toronto, ON, Canada, December 6, 2006 -- Latin American Minerals Inc. (the "Company")
(LAT:TSXV) has closed the final tranche of its private placement previously announced. The
final tranche involved the issue of 1,778,000 units (each unit consisting of one common share
and one-half of one common share purchase warrant) for gross proceeds of $444,500. The full
private placement raised gross proceeds of $3,795,000 consisting of 15,180,000 common shares
of the Company at $0.25 per common share and 7,590,000 warrants. Each warrant is exercisable
at $0.35 per common share of the Company within one year following the closing. In addition,
the Corporation issued 64,000 units in lieu of a portion of the commission.
Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and
development of exploration opportunities in Central and South America. For more information
please contact David Wahl, P.Eng., P.Geo, President and CEO at (416-843-7851). |
