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Article: Fronteer Increases Investment Latin American Minerals
- Article from:
- CCNMatthews Newswire
- Article date:
- June 4, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 4, 2007) -
Fronteer Development Group Inc. ("Fronteer" or "Company")
(TSX:FRG)(AMEX:FRG) is pleased to announce that it has acquired
2,000,000 units ("Units") of Latin American Minerals Inc. ("Latin
American") at a price of C$1.00 per Unit as part of a larger private
placement of 12,000,000 Units by Latin American (the "Offering").
Each Unit is comprised of one common share in the capital of Latin
American and one-half of a common share purchase warrant. Each whole
warrant entitles Fronteer to acquire one additional common share of
Latin American at a price of C$1.25 for a period of 12 months from
closing of the Offering.
Fronteer now owns ...