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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (2588)	8/13/2014 8:58:49 AM
From: Goose94	Read Replies (1) of 202180

Plata Latina Minerals (PLA-V) Aug 13, '14 is pleased to announce that it has arranged for a non-brokered private placement of up to 12 million units at a price of C$0.10 per Unit for gross proceeds of up to C$1.2 million. Each Unit comprises of one Plata Latina Common Share and one half of one common share purchase warrant. Each whole Warrant entitles the holder to purchase one additional Share at a price of C$0.25 per Share for a period of two years following the close of the transaction. The net proceeds from the financing will be used for the next drill program at Naranjillo, where a discovery is already in progress. The drill program contemplates six holes (4,750 metres) to optimize orientation of subsequent drilling for resource definition. Drilling at Naranjillo, which is located approximately 35 kilometres from Guanajuato and on the same structural trend that hosts Guanajuato's veins, has identified a target having geology identical to that hosting Guanajuato's Veta Madre ore bodies. Planned drilling is therefore set to explore both the Guanajuato Veta Madre-style setting as well as neighbouring veins. Proceeds will also be used for general corporate purposes.

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