Largo Resources Closes Second Tranche of Private Placement

Largo Resources Ltd. (TSX VENTURE:LGO) reported that further to its press release dated March 8, 2010, the company has completed the second tranche of its previously announced private placement of 13,636,364 special warrants of the Company, at a price of $0.22 per Special Warrant, for gross proceeds of approximately $3,000,000.

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 is listed on the TSX Venture Exchange under the symbol LGO.

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