New York
City firm to advance investor awareness and related
corporate issues
TORONTO, Oct. 6, 2015 /CNW/ - Largo Resources, Ltd.
("Largo" or the "Company") (LGO: TSX.V), an
exploration, development and vanadium producing mining company,
today announced the entering into of a consulting agreement with
Murdock Capital Partners Corp. ("Murdock"), of New York, NY. According to the terms of the
agreement, Murdock will act as the investor outreach consultant to
Largo. "After conducting an extensive search for the appropriate
capital markets advisory firm, we were highly impressed with
Murdock's 24-year track record of success with companies in the
natural resources and energy-related fields," stated Mark, Smith,
President and CEO of Largo. "We look forward to consulting with
them to broaden our retail and institutional shareholder base
through direct communications, research coverage and investor
meetings with appropriate parties. We anticipate a long and
productive relationship."
Summarizing the newly-formed alliance, Luis J. Mejia, Managing Partner of Murdock,
acknowledged Largo management's qualifications. "Largo Resources
Ltd. is an exceptionally well managed entity that is embarking upon
an aggressive expansion plan to continue to grow the company
as a revenue producing entity and a worldwide marketer of vanadium"
Mr. Mejia stated. "Revenue growth is projected in the coming months
and Murdock Capital is excited about imparting the Largo value
proposition to a wide and diversified investor base. We look
forward to working with Mark Smith
and the entire Largo management team."
The consulting agreement between Largo and Murdock is for an
initial term of three months, which may be extended by mutual
agreement between the parties. The Company will pay Murdock a
monthly fee of US$5,000 for the
initial term of the engagement, and US$7,500 per month during the period of any
extension of the engagement.
Since its inception, Murdock has assisted in listing nearly two
dozen companies on major stock exchanges, including the NYSE New
Markets Exchange, the NYSE, NASDAQ, OTCQX, and the Toronto Stock
Exchange.
Murdock handles all aspects of investor relations, including the
solicitation of industry overviews and company reports, media
contacts, institutional and retail brokerage meetings, and has
conducted over 20 conferences on specific natural resource
opportunities, including vanadium.
About Murdock
Murdock is a private merchant banking firm with 24 years of
experience in advisory work with companies in the natural resources
and energy-related industries. Murdock Capital acts as
financial intermediary and/or principal for small and medium size
companies and advises its corporate clients on all aspects of
investment banking, including mergers and acquisitions, public and
private financing, management buy-outs and corporate
divestitures. The company's knowledge and experience in
assessing and formulating a corporate strategy includes marketing,
strategic alliances and business management, all of which greatly
increases the probability of clients' success. Murdock Capital
specializes in due diligence, market research, competitive
analyses, financial and transaction structuring and corporate
advisory services with the ultimate goal of always obtaining the
desired results for their clients.
www.murdockcapital.com
Contact:
Luis J. Mejia,
Managing Partner
Murdock Capital Partners
212 421-2545
About Largo
Largo is a growing strategic mineral company focused on
continuing to ramp-up production at its Vanadio de Maracás Menchen
Mine.
Largo's Maracás Menchen Mine boasts the highest grade vanadium
deposit yet discovered and is expected to be a low cost producer.
With an off-take in place with Glencore, Largo is well positioned
to become a leading producer of vanadium globally and is expected
to generate substantial cash-flows.
Vanadium is primarily used as an alloy to strengthen steel and
reduce its weight. Vanadium enhanced steels are used in a vast and
growing range of products that are used and encountered every day;
including, rebar, automobiles, transport infrastructure etc. With a
compound annual growth rate of over 6% for the past several years
(Roskill, 2013), vanadium is a bourgeoning commodity which lacks
opportunities for investment in the wider market place. As trends
in the steel industry now demand increasingly stronger and lighter
products for advanced applications, the use of vanadium is expected
to continue this growth over the medium and long term.
Largo is listed on the TSX Venture Exchange under the symbol
"LGO".
For more information please refer to Largo's website:
www.largoresources.com
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Notice Regarding Forward-Looking Information
This press release contains forward-looking information under
Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with
respect to completion of any financings; Largo's development
potential and timetable of its operating, development and
exploration assets; Largo's ability to raise additional funds
necessary; the future price of vanadium, tungsten and molybdenum;
the estimation of mineral reserves and mineral resources;
conclusions of economic evaluation; the realization of mineral
reserve estimates; the timing and amount of estimated future
production, development and exploration; costs of future
activities; capital and operating expenditures; success of
exploration activities; mining or processing issues; currency
exchange rates; government regulation of mining operations; and
environmental risks. Generally, forward-looking statements can be
identified by the use of forwardlooking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". All information contained in this news
release, other than statements of current and historical fact, is
forward looking information. Forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Largo to be materially different from those
expressed or implied by such forwardlooking statements, including
but not limited to those risks described in the annual information
form of Largo and in its public documents filed on SEDAR from time
to time.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made.
Although management of Largo has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forwardlooking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forwardlooking
statements. Largo does not undertake to update any forwardlooking
statements, except in accordance with applicable securities laws.
Readers should also review the risks and uncertainties sections of
Largo's annual and interim MD&As.
NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE
PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
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SOURCE Largo Resources Ltd.