Stocks in Play: Largo Resources Ltd.
Monday, October 31, 2011 11:27 AM EST - Largo Resources Ltd. : says it has received approval from a Brazilian bank for an eight-year direct loan to finance its Maracas Vanadium project northeast of Brasilia, the nation’s capital. The company said Monday that the Brazilian Development Bank has provided it with a formal letter confirming the financing, while the Bahia state government is also backing the project. Largo Resources Ltd. ( V.LGO ) shares were even at 0.3.
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