Arias completes $15 mln investment in Largo Resources

U.S. private equity firm Arias Resource Capital Management has completed its previously announced $15 million investment in Canadian mining company Largo Resources Ltd (TSXV: LGO). As a result of its acquisition of additional shares in the company, Arias has increased its existing stake to up to 33.7 percent of total outstanding common shares. The Toronto-based Largo indicated in September that it plans to use new funds to support production at its Maracas Menchen vanadium mine in Brazil.

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