Largo Resources announces C$7 million non-brokered private placement financing

Largo Resources announces C$7 million non-brokered private placement financing 
TORONTO, March 4, 2013 /CNW/ - Largo Resources Ltd. (TSX-V: LGO) ("Largo" or 
the "Company") announced today a C$7 million non-brokered private placement of 
common shares (the "Offering") at a price of C$0.23 per common share resulting 
in the issuance of up to 30,434,783 common shares. Proceeds from the offering 
will be used for general corporate purposes. 
The Company anticipates that approximately C$1,393,000 of the Offering, or up 
to 6,056,522 common shares, will be purchased by funds managed by Arias 
Resource Capital Management LP (the "ARC Funds") and approximately C$607,000 
of the Offering, or an aggregate of 2,639,130 common shares, will be purchased 
by Mackenzie Investments ("Mackenzie"). Largo anticipates that the remaining 
C$5 million of the Offering will be purchased by existing shareholders of the 
The ARC Funds and Mackenzie are insiders of the Company by virtue of their 
current ownership of approximately 19.98% and 15.86%, respectively, of the 
Company's common shares. Assuming the Offering is fully sold, it is expected 
that after completion of the Offering, the ARC Funds will own up to 19.98% of 
the Company's then issued and outstanding common shares and Mackenzie will own 
15.62% of the Company's then issued and outstanding common shares. 
The Offering is expected to close on or about March 8, 2013 and is subject to 
certain customary closing conditions, including but not limited to receipt of 
all required regulatory approvals, including the approval of the TSX Venture 
Exchange. All common shares of the Company issued in connection with the 
Offering will be subject to a hold period in Canada of four months and one day 
from the date of issuance. The net proceeds of the Offering will be used for 
general working capital purposes. 
The Offering was considered and approved by the board of directors of the 
Company. J. Alberto Arias, a director of Largo who is also the sole director 
of each of the general partners of the ARC Funds and indirectly controls Arias 
Resource Capital Management LP, declared a conflict and recused himself from 
voting on the Offering. There was no materially contrary view or abstention by 
any director approving the Offering. 
Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security 
Holders in Special Transactions ("MI 61-101"), the proposed purchase by the 
ARC Funds and Mackenzie will be a "related party transaction". The Company is 
exempt from the requirements to obtain a formal valuation or minority 
shareholder approval in connection with the Offering in reliance on sections 
5.5(a) and 5.7(a), respectively, of MI 61-101, as neither the fair market 
value of the securities received by the ARC Funds and Mackenzie nor the 
proceeds for such securities received by the Company exceeds 25% of the 
Company's market capitalization as calculated in accordance with MI 61-101. 
About Largo 
Largo is a Canadian-based mineral resource exploration and development company 
focused on creating a world leading strategic metals company. Largo currently 
holds a 100% interest in the Maracás Vanadium Project, a 100% interest in the 
Currais Novos Tungsten Tailings Project, a 100% interest in the Campo Alegre 
de Lourdes Iron-Vanadium Project, all in Brazil, and a 100% interest in the 
Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, 
Canada. The immediate goal of the Company is to develop the Maracás Vanadium 
Project by Q4 2013 and produce WO(3) concentrate from the reprocessing of 
tungsten tailings from Currais Novos. 
Largo is listed on the TSX Venture Exchange under the symbol "LGO". 
This press release contains forward-looking information under Canadian 
securities legislation. forward-looking information includes, but is not 
limited to, statements with respect to completion of the private placement, 
Largo's development potential and timetable of the Maracas and Northern Dancer 
projects; Largo's ability to raise additional funds necessary; the future 
price of tungsten and molybdenum; the estimation of mineral reserves and 
mineral resources; conclusions of economic evaluation; the realization of 
mineral reserve estimates; the timing and amount of estimated future 
production, development and exploration; costs of future activities; capital 
and operating expenditures; success of exploration activities; mining or 
processing issues; currency exchange rates; government regulation of mining 
operations; and environmental risks. Generally, forward-looking statements can 
be identified by the use of forward-looking terminology such as "plans", 
"expects" or "does not expect", "is expected", "budget", "scheduled", 
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", 
or "believes", or variations of such words and phrases or statements that 
certain actions, events or results "may", "could", "would", "might" or "will 
be taken", "occur" or "be achieved". Forward-looking statements are based on 
the opinions and estimates of management as of the date such statements are 
made. Forward-looking statements are subject to known and unknown risks, 
uncertainties and other factors that may cause the actual results, level of 
activity, performance or achievements of the Largo to be materially different 
from those expressed or implied by such forward-looking statements, including 
but not limited to those risks described in the annual information form of 
Largo and in its public documents filed on SEDAR from time to time. Although 
management of Largo has attempted to identify important factors that could 
cause actual results to differ materially from those contained in 
forward-looking statements, there may be other factors that cause results not 
to be as anticipated, estimated or intended. There can be no assurance that 
such statements will prove to be accurate, as actual results and future events 
could differ materially from those anticipated in such statements. 
Accordingly, readers should not place undue reliance on forward-looking 
statements. Largo does not undertake to update any forward-looking statements, 
except in accordance with applicable securities laws. 
Please refer to Largo's 
Please contact: 
Darcie Ladd, Business Development Manager Phone: 416-861-9406 Fax: 
416-861-9747 Web 
SOURCE: Largo Resources Ltd. 
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CO: Largo Resources Ltd.
ST: Ontario
-0- Mar/04/2013 19:00 GMT
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