Articles Tagged "TSXV:LGO"

Largo Resources Closes Second Tranche of its Financing

Largo Resources Ltd. (TSXV:LGO) announced it has closed the second tranche of its C$75 million unit offering from the sale of 69,952,639 units for proceeds of $55,962,114. Along with the first tranche, the aggregate proceeds to date are C$74,184,039 for the sale of 92,730,045 units.

What Does Evraz Highveld’s Business Rescue Mean for the Vanadium Market?

Earlier this week, Evraz Highveld Steel and Vanadium filed for voluntary business rescue. While that's bad news for the company, other players in the vanadium space could benefit.

Largo Resources to Secure C$12 Million Bridge Loan

Largo Resources (TSXV:LGO) has agreed to a term sheet with respect to a $12 million non-revolving, convertible term loan facility with an interest rate of 20 percent per year. Funds will be used to finance develop costs for Largo's Maracas Menchen mine in Brazil.

Largo Resources Receives Term Sheet for Debt Restructuring

After receiving some skepticism from at least one analyst regarding its production guidance and outlook for 2015, Largo Resources (TSXV:LGO) appears to have made progress towards a debt restructuring agreement. The company announced Monday that it had received a non-binding indicative term sheet from its existing lenders to defer its debt amortization schedule and extend maturities for its construction debt facility for the Maracas Menchen Mine.