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Largo Resources Ltd.

11:48 AM EST - Largo Resources Ltd. : Has closed the first tranche of its non-brokered private placement offering of Units. The closing of the First Tranche resulted in gross proceeds to the Company of $15,085,803.15 from the sale of 33,524,007 units of the Company. Largo Resources Ltd. shares T.LGO are trading down $0.03 at $0.47.