Alberto Luis Beeck, a Director, acquired 6,205,365 Common Shares on an indirect ownership basis for registered holder Cranley Trust at a price of $0.820 through a prospectus or prospectus exempt offering on November 30th, 2017. The insider also acquired 3,102,682 Warrants with an exercise price of $1.150 for 5 long years. This represents a $5,088,399 investment into the company's shares and an account share holdings change of 12.6%.
Largo Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.
Largo Resources Ltd. is a natural resource development and exploration company. The Company is engaged in the acquisition, exploration, development and operation of mining and exploration properties located in Brazil and Canada. The Company operates through two segments: mine properties, and exploration and evaluation properties. The Company holds interest in the Maracas Menchen Mine property, Currais Novos tungsten tailings property and Campo Alegre de Lourdes iron-vanadium property. The Maracas Menchen Mine property is located in the eastern Bahia State of Brazil. The Currais Novos tungsten tailings property is located approximately 180 kilometers from Natal in the State of Rio Grande do Norte, Brazil. The Campo Alegre de Lourdes property is located approximately 880 kilometers north-northeast of Brasilia and over 650 kilometers northwest of Salvado. In Canada, the Company holds interest in the Northern Dancer tungsten-molybdenum property, located in the Yukon Territory.
No Comments