09:54 AM EST - Largo Resources Ltd. : Has agreed to repurchase and retire $47.8 million U.S. in aggregate principal amount plus premium and accrued and unpaid interest in consideration for the payment of $51.2 million U.S. in cash. Following this repurchase for cancellation the remaining aggregate principal amount outstanding on the Company's 9.25% Senior Secured Notes due 2021 will be $45.0 million U.S., representing a significant decrease of approximately 51% to the current outstanding Notes. The Company is working with Jefferies LLC who will arrange for and facilitate the repurchase of the Notes effective January 28, 2019 at 105.625%. Largo Resources Ltd.
shares T.LGO are trading up $0.13 at $2.97.