Largo Resources completes private placement of US$150 million 9.25% senior secured notes

22 May 2018

On May 22, 2018, Largo Resources Ltd. (TSX: LGO) (OTCQB: LGORF) announced the closing of its private placement offering of US$150 million aggregate principal amount of senior secured notes due in 2021. The notes are callable in years 2 and 3, and carry a coupon of 9.25%.

Largo Resources is a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Marac├ís Menchen Mine located in Bahia State, Brazil. The company also has interests in a portfolio of other projects elsewhere in Brazil and in Canada. 

Gowling WLG advised Largo Resources with respect to this private placement with a team led by Ian Mitchell and that included Kathleen Ritchie, Shawn Blundell and Marek Lorenc (corporate/securities); Bahar Hafizi (financing); and Paul Carenza and Steven Baum (tax).

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