US$5,000,000 non-dilutive financing for LA.V R. Michael Jones, CEO of Los Andes, commented: "We are very pleased to work with Queens Road Capital and note their steady support of the Company. This financing allows us to continue to progress the project and target resource growth while minimizing dilution to shareholders."
"These funds will allow us to continue with the exciting expansion drilling of Vizcachitas with up to five rigs and complete our Pre-Feasibility Study, (PFS) which is anticipated in Q4 this year. The PFS has a backdrop of an industry facing a potential large deficit in copper supply, which is anticipated just around the corner," added Jones.
Warren Gilman, Chairman and CEO of Queen's Road Capital, commented: "Queen's Road Capital sees significant opportunity of value recognition of Los Andes Copper since world class copper assets are increasingly rare. Recent volatility has not altered the course that copper is the essential ingredient in the world's drive towards electrification, which is also supported by recent M&A activity in the mining sector."
https://www.newsfilecorp.com/release/134811/Los-Andes-Copper-Announces-Further-US-5-million-Investment-by-Queens-Road-Capital