NewsTORONTO, July 20, 2018 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) announced today the pricing of the previously announced secondary offering by the selling shareholders listed below for an aggregate of 60,000,000 common shares at a public offering price of $1.40 per share, for an aggregate price to the public of $84,000,000 (the "Offering"). The Offering is expected to close on or about July 24, 2018, subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 9,000,000 common shares from the selling shareholders. The Company will not receive any proceeds from the Offering. Credit Suisse Securities (Canada), Inc. and Morgan Stanley Canada Limited co-led the Offering, with CIBC Capital Markets acting as joint bookrunner, and Cormark Securities Inc., H.C. Wainwright & Co., LLC and Mackie Research Capital Corp. acting as co-managers. The selling shareholders under the Offering consist of Arias Resource Capital Fund L.P., Arias Resource Capital Fund II L.P., Arias Resource Capital Fund II (Mexico) L.P., The Cranley Trust, Cranley Investments Holdings, LLC, and Mark Smith.