Latin Resources Limited (ASX:LRS) announced a private placement of 100,200,000 common shares at an issue price of AUD 0.005 per share for gross proceeds of AUD 501,000 on October 28, 2020. The transaction will involve participation from Integra Capital S.A., through its affiliate Jose Luis Manzano. As part of the transaction, the company must also issue the investor one free attached listed option for every one share issued, exercisable at AUD 0.012 on or before December 31, 2022. As part of the transaction, the investor acquired 10% stake in the company. All shares issued in the transaction will be subject to a twelve month hold period. The transaction is expected to close on October 30, 2020.