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BRIEF-Largo Resources announces C$10 million private placement financing

Oct 11 (Reuters) - Largo Resources Ltd :

* Announces C$10 million marketed private placement financing and acquisition

of remaining 10% minority interest in maracas vanadium project, Brazil

* C$10 million overnight marketed private placement of common shares at C$0.22

per common share

* Out of proceeds, $8 million will be used to acquire the remaining 10%

minority interest in companhia de maracas

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