Los Andes Copper Closes $1.32-Million Tranche of Placement

Los Andes Copper Ltd. (TSXV:LA) has received conditional acceptance from the TSX Venture Exchange to close the first tranche of the private placement announced in its news release dated Sept. 10, 2015.
As quoted in the press release:

On Sept. 28, 2015, the company issued 6,018,545 shares at 22 cents per share for gross proceeds of $1,324,080. These shares are subject to a hold period under applicable Canadian securities laws expiring on Jan. 29, 2016. The company will use these proceeds for the drilling program of the central core of the Vizcachitas porphyry copper-molybdenum project and for working capital purposes.
The company has also closed the debt settlement agreements also announced on Sept. 10, 2015, by issuing 660,827 shares at a price of 22 cents per share for an aggregate amount of $145,382. These shares are subject to hold periods under applicable Canadian securities laws expiring on Jan. 29 and Jan. 31, 2016.