Latin American Minerals Announces Closing Of Final Tranche Of Oversubscribed Private Placement (Latin American Minerals Inc)

(Source: Latin American Minerals Inc) July 18, 2016 - Toronto, Ontario - Latin American Minerals Inc. (TSXV: LAT) (the 'Company') announces that it has closed the final tranche of its previously announced non-brokered private placement by issuing 17,424,152 units ('Unit') at a price of $0.10 per Unit for gross proceeds of $1,742,415.20 (the 'Offering'). Each Unit is comprised of one common share (a 'Common Share') of the Company and one Common Share purchase warrant (a 'Warrant'). Each Warrant entitles the holder thereof to purchase one Common Share for a period of two (2) years from the closing of the Offering at a price of $0.15 per Common Share. The proceeds of the Offering will be used...