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Largo closes first tranche of C$4.18m private placement

TSX-listed vanadium producer Largo Resources has closed the first tranche of a private placement of units totalling C$3.36-million.
The Toronto-headquartered company sold 7.5-million units in the first tranche, with funds managed by Arias Resource Capital Management buying 5.8-million units for an investment of C$2.61-million.