Workflow
Latin Metals Appoints Eduardo Leon as Vice President of Exploration and Qualified Person
GlobeNewswire·2025-05-08 18:52

Core Viewpoint - Latin Metals Inc. has announced the appointment of Eduardo Leon as Vice President of Exploration and has upsized its private placement to raise gross proceeds of up to 1.3million[1][4].CompanyDevelopments−EduardoLeonhasbeenwithLatinMetalssince2020andhasplayedasignificantroleinthecompany′sexplorationeffortsinSouthAmerica,particularlyinidentifyingcopperpotentialinnorthwestArgentina[2].−Leon′spromotionisattributedtohisleadershipandstrategicthinking,aligningwiththecompany′sprospectgeneratormodelaimedatmaximizingexplorationupsidewhileminimizingdilution[3].−Thecompanyhasupsizeditsnon−brokeredprivateplacementduetostronginvestorinterest,nowtargetingtotalgrossproceedsofupto1.3 million [1][4]. Company Developments - Eduardo Leon has been with Latin Metals since 2020 and has played a significant role in the company's exploration efforts in South America, particularly in identifying copper potential in northwest Argentina [2]. - Leon's promotion is attributed to his leadership and strategic thinking, aligning with the company's prospect generator model aimed at maximizing exploration upside while minimizing dilution [3]. - The company has upsized its non-brokered private placement due to strong investor interest, now targeting total gross proceeds of up to 1.3 million, consisting of up to 11,818,182 units priced at 0.11each[4].FinancialDetails−Eachunitintheprivateplacementincludesonecommonshareandonepurchasewarrant,allowingtheholdertobuyashareat0.11 each [4]. Financial Details - Each unit in the private placement includes one common share and one purchase warrant, allowing the holder to buy a share at 0.20 for 36 months [4]. - The proceeds from the financing will be allocated for exploration, generative work, and general working capital [5]. - The company may pay finder's fees of up to 7% of the total gross proceeds raised, along with finder's warrants [6]. Stock Options - Latin Metals has granted 750,000 stock options to certain consultants, allowing them to purchase shares at $0.12 each for 36 months, representing 8.6% of the issued and outstanding stock [9]. Upcoming Events - The company will participate in several industry conferences, providing opportunities to connect with investors and showcase its exploration progress in Argentina and Peru [10]. Company Overview - Latin Metals operates under a prospect generator model, focusing on copper, gold, and silver exploration in Peru and Argentina, with 18 projects and partnerships with major mining companies [11].