TORONTO, June 29, 2016 /CNW/ - Largo Resources Ltd.
("Largo" or the "Company") is very pleased to
announce that it has received approval for the listing of its
common shares (the "Common Shares") on the Toronto Stock
Exchange (the "TSX").
The Common Shares will commence trading on the TSX effective
July 4, 2016 and will continue
trading under the symbol "LGO". As a result of the graduation to
the TSX, there will be no further trading of its Common Shares on
the TSX Venture Exchange ("TSX-V") after commencement of
trading on the TSX on July 4,
2016.
"We are very excited to begin trading on the TSX as it provides
Largo with greater visibility to the marketplace, broader exposure
to international and institutional investors, and increased
liquidity," said Mr. Mark A. Smith,
president and chief executive officer of Largo. "While the TSX
Venture Exchange has served us well, this graduation was the next
natural step for Largo".
About Largo
Largo Resources Ltd. (TSX-V: LGO) (OTCQB: LGORF)
is a growing strategic mineral company focused on the production of
vanadium pentoxide at its Vanadio de Maracás Menchen Mine. 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
consumption increasing at a compound annual growth rate of over 8%
for the past several years (Roskill, 2015), 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 also has interests in a
portfolio of other projects, including: a 100% interest in the
Currais Novos Tungsten Tailings Project in Brazil; a 100% interest in the Campo Alegre de
Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in the Northern
Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada. For more information,
please refer to visit www.largoresources.com.
Cautionary Notes:
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
forward-looking 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
forward-looking 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
forward-looking 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 forward-looking statements. Largo does not
undertake to update any forward-looking 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
SOURCE Largo Resources Ltd.