ARCF IV Participates in US$5.7 million Registered Direct Offering

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Postmedia has not reviewed the content. by GlobeNewswire ARCF IV Participates in US$5.7 million Registered Direct OfferingAuthor of the article:For dissemination in Canada and over Canadian news services onlyTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTORONTO, Oct. 02, 2026 (GLOBE NEWSWIRE) — Arias Resource Capital Fund IV L.P. (“ARCF IV”) announced that it has agreed to invest US$1,299,999.68 (the “Investment”) in units (“Units”) of Largo Inc. (“Largo” or the “Issuer”) (TSX: LGO) (NASDAQ: LGO). This transaction is part of Largo’s previously announced US$5.7 million registered direct offering (the “Offering”).ARCF IV agreed to purchase 2,321,428 Units of Largo at a price of US$0.56 per Unit. Each Unit consists of one common share (“Common Share”) in the capital of Largo and one common Share purchase warrant (“Warrant”). Each Warrant has an exercise price of US$0.70 per Warrant. The Warrants are exercisable for a period of five years from the date of issuance. The securities were issued directly from treasury and the transaction closed on September 29, 2026.This advertisement has not loaded yet, but your article continues below.Following the transaction, Arias Resource Capital Fund II L.P. (“ARCF II”), Arias Resource Capital Fund II (Mexico) L.P. (“ARCF II Mexico”), Arias Resource Capital Fund III L.P. (“ARCF III”), and Arias Resource Capital Fund IV L.P. (“ARCF IV”, and together with ARCF II, ARCF II Mexico, and ARCF III, the “ARC Funds”) will own, in the aggregate, 35,278,481 Common Shares and 7,239,461 Warrants. J. Alberto Arias has been granted, for service on the Largo Board of Directors, a total of 164,565 vested options to acquire Common Shares (“Options”), holds 336,913 Restricted Share Units (“RSUs”), and holds 62,533 Common shares directly. Additionally, Arias Resources Capital GP Ltd. (“ARC GP”) owns 6,547 shares.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againGiving effect of the Offering and assuming the full exercise of the new and existing Warrants, Options, and RSUs, the Common shares held by the ARC Funds, ARC GP, and J. Alberto Arias, collectively, would total 43,019,420 Common Shares representing approximately 35.01% of the total outstanding Common Shares of Largo on a partially diluted basis. On a non-diluted basis, the ARC Group’s holdings represent approximately 30.64%. This represents a post-transaction ownership summary as outlined below:This advertisement has not loaded yet, but your article continues below. Common Shares issuable onexercise or conversion Common SharesOwnedWarrants HeldOptionSharesRestrictedShare Units(“RSUs”)Partially DilutedTotal% Share (Non-Diluted) ARCF II26,468,209———26,468,20922.99% ARCF III4,918,0334,918,033——9,836,0664.27% ARCF IV2,321,4282,321,428——4,642,8562.02% ARCF II (Mexico)1,501,731———1,501,7311.30% J. Alberto Arias62,533—164,565336,913564,0110.05% Arias Resource Capital GP Ltd.6,547———6,5470.01% TOTAL:35,278,4817,239,461164,565336,91343,019,42030.64% The ARC Funds are managed by Arias Resource Capital Management L.P. (the “Manager”). The respective general partner of each of the ARC Funds retains the power to make investment and voting decisions in respect of the Largo securities beneficially owned by the ARC Funds. J. Alberto Arias is the director of each of the general partners of the ARC Funds and indirectly controls the Manager. As such, Mr. Arias may be deemed to share voting and dispositive power with respect to the Largo securities beneficially owned by the ARC Funds, but he disclaims any beneficial ownership of any such securities, except to the extent of his pecuniary interest therein.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The ARC Funds may, from time to time, acquire additional securities of Largo and/or dispose of such securities as they may deem appropriate. The ARC Funds currently have no other immediate plans or intentions to acquire or dispose of securities of Largo, but depending on market conditions, general economic and industry conditions, trading prices of securities of Largo, Largo’s business, financial condition and prospects and/or other relevant factors, the ARC Funds may develop such plans or intentions in the future.This news release has been disseminated in accordance with the early warning requirements of Canadian provincial securities laws.For further information, please contact:J. Alberto Arias, Director Phone: (305) 913-5400 Email: info@arc-fund.com.The dissemination of this release in the United States or to any United States news service may constitute a violation of U.S. securities laws.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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