Los Andes Copper Ltd. chairman Eduardo Covarrubias visited the Proactive London studio to update Thomas Warner on progress at the Vizcachitas copper project in Chile. He reveals the reasons for a recent pre-PFS fundraise and looks ahead to what investors can expect during the rest of this calendar year, saying there's "plenty of work ahead of us." Contact Details Proactive United States Proactive United States +1 [...]
Los Andes Copper Ltd. has announced today that it has closed its previously announced bought deal offering . Pursuant to the Offering, Los Andes sold 800,000 common shares at a price of $12.55 per Common Share for aggregate gross proceeds of $10 million. The Company intends to use the net proceeds of the Offering to advance the Vizcachitas Project, cover studies and drilling expenses and for working capital. The Offering [...]
Los Andes Copper Ltd. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 800,000 common shares , at a price of $12.55 per Common Share for gross proceeds of $10 million . The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days [...]
Los Andes Copper Ltd. wholly owned subsidiary Compañia Minera Vizcachitas Holding was notified, last Friday December 9, of a lawsuit filed by 24 individuals in the Environmental Court. The lawsuit relates, among other allegations, mainly to alleged environmental damage resulting from 82 exploration drillholes carried out between 2007 and 2017. The Company views this as a speculative and unfounded claim. All drilling has [...]
Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021, April 4, 2022 and September 2, 2022 the Company has elected to issue 10,172 common shares in the capital of the Company at a deemed price of US$10.28 to Queen's Road Capital as payment for US$104,568 in [...]
Los Andes Copper Ltd. advises that Santiago Montt has been appointed as the Interim CEO of the Company, effective November 1, 2022. Mr. Montt previously served the Company as its COO, in which position he has been responsible for the Company's operations in Chile. Mr. Montt is a global mining executive with vast experience in leading teams in multinational mining companies. Prior to joining Los Andes, he spent over a [...]
Los Andes Copper Ltd. , is pleased to report on progress on its Vizcachitas large-scale copper project in Chile. The Pre-Feasibility study, continues to advance with the completion of the initial resource model for mine plan optimization. General engineering work, infrastructure planning, plant design and environmental considerations are all on track with the plan to complete the PFS in Q4 2022. The team of internal [...]
Desalinated Water Agreement Advanced as Part of Pre-Feasibility Planning Los Andes Copper Ltd. is pleased to report on progress on its Vizcachitas large-scale copper project in Chile. A letter of intent has been signed with Desala Petorca SPA to work on the project option to use desalinated seawater for the project . Desala is a firm dedicated to the development of water desalinization for water consumption and irrigation [...]
Los Andes Copper Ltd. is pleased to report the closing and funding of the US$5,000,000Convertible Debenture issued to Queen's Road Capital Investment Ltd. announced on August 25, 2022. The Convertible Debenture has a five-year term, carries an eight per cent coupon and is convertible into common shares in the capital of the Company at a share price of C$16.75. The interest is payable quarterly, five per cent in cash and [...]
Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000 and US$4,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021 and April 4, 2022 the Company has elected to issue 7,743 common shares in the capital of the Company at a deemed price of US$11.17 to Queen's Road Capital as payment for US$86,489 in interest owing on the Convertible [...]
Los Andes Copper Ltd. is pleased to announce that it has entered into an agreement with Queen's Road Capital Investment Ltd. whereby Queen's Road Capital will invest a further US$5,000,000 in Los Andes by way of an additional convertible debenture . The proceeds received from this capital raise will be allocated towards, expansion drilling at the Vizcachitas copper project in Chile which is expected to commence soon [...]
Los Andes Copper Ltd. is pleased to report that on July 20, 2022, the Second Environmental Court in Chile revised the preliminary injunction issued on March 18, 2022 that suspended drilling. The Court decided that drilling can continue, with certain restrictions, at the Vizcachitas Copper Project under the Company's environmental license. Following the injunction, the Company prepared and filed with the Environmental [...]
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