Latin Metals Inc. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 700,000 on January 26, 2024. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one Share at a price of CAD 0.15 per share for a period of 24 months from the closing of the financing. Certain directors and officers of the company are expected to subscribe for approximately 4,300,000 Units under the financing for CAD 301,000.

The Company may pay finder?s fees on all or a portion of the Financing, consisting of a cash commission equal to up to 7% of the total gross proceeds raised and finder?s warrants equal to up to 7% of the total number of Units issued, where each finder?s warrant will entitle the holder thereof to purchase one Share at a price of CAD 0.07 per Share for a period of 12 months from the closing of the Financing. All securities issued in connection with the Financing will be subject to a hold period of four months and one day in Canada. The Financing is subject to the receipt of all necessary approvals including acceptance for filing of the Financing by the TSX Venture Exchange and any applicable securities regulatory authorities