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4/11/16

Largo Resources (LGO.v) provides the morning giggles

We should all thank Mark Smith for this lesson in news release damage control...and how not to do it. What you do is first make a big fuss about the appointment of two non-material posts and then kinda slip in down at the bottom the real news, "Oh yeah, the legal dude has decided to leave and our COO, too". Bless em all.
TORONTO , April 11, 2016 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") announces effective April 4, 2016 , the promotion of Mr. Paulo Misk to President of Brazilian operations of Vanadio de Maracás S.A. ("Maracás"), and Mr. Nilson Luciano Chaves to Vice President of finance and administration of Maracás. Mr. Misk will succeed Kurt Menchen as President of Brazilian operations. Mr. Menchen retired from his position as President of Brazilian operations effective December 31, 2015 but remains a director of Maracás and has entered into a contract for services to provide ongoing assistance to the company.
Mr. Mark Smith , President and Chief Executive Officer of Largo, remarked "Mr. Misk joined Largo in 2014 as the project's General Manager and has played a crucial role in the project's ramp-up phase. Having all operations report through Mr. Misk creates a centralized organizational structure which will further optimize production at the Maracás Menchen Mine. Both Mr. Misk and Mr. Chaves contribute a wealth of experience to the project and I have complete confidence they will continue the on-going success at the Maracás Menchen Mine".
The Company announces that its Chief Legal Officer, John Ashburn , has resigned effective March 31, 2016 . In addition, the Company also announces that Largo's Chief Operating Officer, Michael Mutchler , has left the company to pursue other opportunities effective April 8, 2016 .
Mr. Smith continued, "We at Largo are grateful to John and Michael and wish to thank them for their efforts and contributions to the Company".
About Largo