Largo Inc (LGO)

[Slashnuts]

CEO Mark Smith Increases Investment Position

Mark Smith, President and Chief Executive Officer for Largo, stated: "We sincerely appreciate the support of both our new and existing shareholders as well as our Lenders, who all remain committed to the on-going success of Largo and its Maracás Menchen Mine. Working together with all of our stakeholders we have been able to push through a challenging few months and are now more confident than ever in the future success of the Maracás Menchen Mine."

In addition, Mr. Mark Smith, President and Chief Executive Officer and a director of Largo, subscribed for an aggregate of 2,500,000 Units in the First Tranche.

http://www.largoresources.com/English/investors/news/news-release-details/2016/Largo-announces-closing-of-the-first-tranche-of-recently-announced-private-placement-and-signing-of-binding-term-sheet-for-new-debt-facilities/default.aspx

Good Luck To All!$!$