Largo Resources Announces Conditional Approval for Debt Financing

- April 26th, 2010

Largo Resources Ltd. (TSX VENTURE:LGO) rreported that the company has received a conditional approval and a non-binding term sheet for structuring an approximate US$150 million debt financing from Banco Itaú BBA S.A., a subsidiary of Itaú Unibanco Group and one of Brazil’s leading investment banks, for the development of its Maracas Vanadium Project in Bahia State, Brazil.

Largo Resources Ltd. (TSX VENTURE:LGO) rreported that the company has received a conditional approval and a non-binding term sheet for structuring an approximate US$150 million debt financing from Banco Itaú BBA S.A., a subsidiary of Itaú Unibanco Group and one of Brazil’s leading investment banks, for the development of its Maracas Vanadium Project in Bahia State, Brazil.

The press release is quoted as saying:

Largo Resources Ltd. is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The Company also owns the Campo Alegre de Lourdes Vanadium exploration project in Brazil. The company is listed on the TSX Venture Exchange under the symbol LGO.

Click here to access the entire press release

Click here to access Largo Resources Corporate Site

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