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Latin American Minerals Inc.

03:16 PM EST - Latin American Minerals Inc. : Has closed the third tranche of its previously announced non-brokered private placement by issuing 9,910,848 units at a price of $0.10 per Unit for gross proceeds of $991,084.80. Each Unit is comprised of one common share of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share for a period of two years from the closing of the Offering at a price of $0.15 per Common Share. Latin American Minerals Inc. shares V.LAT are trading up $0.005 at $0.24.