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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Bullboard Posts
Post by Kadillacon Mar 13, 2011 12:08am
415 Views
Post# 18276998

Only 704 million shares Fully Diluted

Only 704 million shares Fully DilutedI am not sure how everyone is getting 801 million shares fully diluted....

We had 364 million shares fully diluted before private placement....

New Placement =

110 million/.35 million = 314 million

Warrants on PP = 28 million (note no warrants on subscribtion receipt portion - 80 million portion)...

Therefore, total is only 704 million shares FD.....

Also, it says there are certain milestones that have to be met before subscription receipts can convert to common shares. So, 228 million of the new receipts have conditions that have to be met before they are converted to common shares.....

I think everyone needs to re read the news release on the financing...........

Kadillac
Bullboard Posts