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Largo Resources Receives Confirmation of Debt Facility from the Brazilian Development Bank
Oct. 31, 2011 07:30AM PST
Battery MetalsLargo Resources (TSXV:LGO) announced that the Brazilian Development Bank has provided the Company with a formal letter (the “Enquadramento”) to confirm that the Company’s Maracás Vanadium Project is eligible to receive a 100% direct loan with an eight year term to fully finance the Maracás Vanadium Project.
Largo Resources (TSXV:LGO) announced that the Brazilian Development Bank has provided the Company with a formal letter (the “Enquadramento”) to confirm that the Company’s Maracás Vanadium Project is eligible to receive a 100% direct loan with an eight year term to fully finance the Maracás Vanadium Project.
Click here to see the Largo Resources (TSXV:LGO) profile.
As quoted in the press release:
- The Maracas Vanadium Project is Eligible for a 100% Direct Loan from the BNDES for the Entire Eight Year Term
- Largo Receives LOI Outlining Tax Incentives from Bahia State Government
Click here to read the Largo Resources (TSXV:LGO) press release
Click here to see the Largo Resources (TSXV:LGO) profile.