Largo Inc (LGO): Largo Resources Announces Debt-Free Stat...

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Monday, 07/08/2019 6:36:54 PM

Monday, July 08, 2019 6:36:54 PM

Largo Resources Announces Debt-Free Status Following Redemption of all its Outstanding 9.25% Senior Secured Notes

TORONTO, July 8, 2019 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is very pleased to announce that in accordance with its press release dated June 10, 2019, in which the Company announced its election to redeem its outstanding 9.25% Senior Secured Notes due 2021 (the "Notes"), the Company has redeemed in full all of its outstanding Notes. The Notes have been redeemed at a redemption price equal to 104.625% of the principal amount of the Notes plus accrued and unpaid interest to, but not including the redemption date of July 8, 2019.

Mark Smith, Chief Executive Officer stated: "I am extremely pleased to announce that Largo is now debt-free. This full repayment represents a significant milestone for the Company and we look forward to the future as Largo continues to enhance its presence in the global vanadium market."

Read more at:
https://www.largoresources.com/investors/news/press-release-details/2019/Largo-Resources-Announces-Debt-Free-Status-Following-Redemption-of-all-its-Outstanding-925-Senior-Secured-Notes/default.aspx