Los Andes Announces a Private Placement for Up to $935,000
01 Marzo 2011 - 10:44PM
Marketwired Canada
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Los Andes Copper Ltd. (TSX VENTURE:LA) ("Los Andes", or the "Company") is
pleased to announce a non-brokered private placement of up to 2,000,000 shares
priced at $0.4675 per share for gross proceeds of up to $935,000. The private
placement is subject to acceptance by the TSX Venture Exchange.
The shares issued pursuant to the private placement will be subject to a hold
period of four months from the closing date of the private placement in
accordance with applicable Canadian securities laws. The proceeds of the private
placement will be used to fund exploration and development work on the Company's
Vizcachitas project, and for general working capital purposes.
This document contains certain forward looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.
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