correctionLargo Resources Ltd. has added a new press release to its website:
Largo Resources Announces Correction to December 8, 2020 Press Release TORONTO, Dec. 8, 2020 /CNW/ - Largo Resources Ltd. ("
Largo" or the "
Company") (TSX: LGO) (OTCQX: LGORF) announces a correction its press release dated December 8, 2020 regarding the warrant exercise price issued in connection with the asset purchase agreement dated effective November 25, 2020 (the "
Purchase Agreement") pursuant to which it has now acquired certain assets of VionX Energy, including 12 patent families (the "
Assets") out of an assignment for the benefit of creditors under Massachusetts law.
The Assets were acquired for deemed net consideration equal to US$3,862,000 that was satisfied through the issuance of 2,518,453 common shares of Largo (at a deemed price per common shares of CAD$1.035, being the 5-day VWAP prior to the execution of the Purchase Agreement) and 3,622,007 share purchase warrants of Largo, which have an exercise price of CAD$1.30 and a term of five years.
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