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Latin Resources: Investee purchases Chile copper project

  • Latin Resources (LRS) Canadian affiliate, Westminster Resources, has entered into an agreement to purchase Mostazal in Chile
  • The Australian minerals explorer the largest shareholder of Westminster, which listed on the TSX
  • Westminster has also agreed to purchase the 16 square kilometre Mostazal copper property, located in the Atacama region of Chile
  • Under the contract, Westminster has also agreed to a four-year option to earn 100 per cent interest in the project
  • Notably, Latin is-the largest shareholder of Westminster
  • On market close for the weekend, Latin is up 13.5 per cent and is trading at 5.9 cents per share
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