Largo Announces Closing of US$5.7 Million Registered Direct Offering
Largo closed a registered direct offering of 10.2 million shares plus warrants for another 10.2 million shares at US$0.56 per unit, for gross proceeds of about US$5.7 million. Proceeds, net of fees, go to working capital including paying trade creditors, and H.C. Wainwright acted as exclusive placement agent.
Key figures
- Deal Value Usd
- 5700000
- Offering Price
- 0.56
- Shares Offered
- 10200000
- Warrant term
- five years
- Warrant shares
- 10200000
- Warrant exercise price usd
- 0.7
- Insider participation shares
- 2499999
AI analysis
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