Latin Resources (ASX:LRS) has extended to 19 June the closing date for its share purchase plan (NYSE:SPP) priced at $0.038 to allow shareholders more time to consider recent high grade copper results at the Ilo Norte Project in Peru.
The offer, which is priced at a 10% discount to the market, seeks to raise up to a maximum of $2 million through the issue of 54,054,054 shares.
Earn-in operator and partner Compañia Minera Zahena S.A.C. (Zahena) had intersected 30 metres at 0.93% copper and 0.12g/t gold from 282 metres, including 6 metres at 3.1% copper and 0.45g/t gold in drill hole IN-019 (0.1% copper cut-off).
High grade copper was also intersected in drill holes IN-009, IN-012 and IN-016.
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