LOS ANDES ANNOUNCES A PRIVATE PLACEMENT FOR UP TO $760,000
December 23, 2011
Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) is pleased to announce a non-brokered private placement of up to 2,000,000 shares priced at $0.38 per share for gross proceeds of up to $760,000. The private placement is subject to acceptance by the TSX Venture Exchange.
The shares issued pursuant to the private placement will be subject to a hold period of four months from the closing date of the private placement in accordance with applicable Canadian securities laws. The proceeds of the private placement will be used to fund exploration and development work on the Company’s Vizcachitas project, and for general working capital purposes.
For more information please contact:
Michael Kuta, Corporate Secretary Tel: 604-697-6201 or
Eduardo Covarrubias, President Tel: (56-2) 954-0450
This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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