Junior roundup: Revelo, Lithium Americas, Advantage, Reunion, Latin

Vancouver's Revelo Resources finalized two agreements with Masglas Limited. The first is for the sale of its Araya Breccia copper project for US$100,000, and the second is for a four-year option over Revelo's neighboring Los Azules copper project, both in Chile.

The Los Azules deal will allow Masglas to earn a 100% interest in the project for US$500,000 in cash and in-ground exploration commitments. Revelo will retain a 2% NSR royalty on all metals produced from both projects, it said in a statement.

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Argentina-focused Lithium Americas, which is currently developing the Cauchari-Olaroz JV with Chile's SQM, appointed Jean Fraser to the board as independent director, a press release said.

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Vancouver-based Advantage Lithium appointed Andy Robb as VP of project development, according to a statement.

Robb will lead the exploration program at its Cauchari lithium project in Argentina, a joint venture with Orocobre.

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Reunion Gold said in a press release that Barrick Gold has agreed to purchase, by way of a private placement, 48mn common shares of the company for gross proceeds of Cdn$9.1mn (US$7.14mn).

The financing is expected to close by November 30, resulting in Barrick owning approximately 15% of Reunion's stock. The proceeds will be used to develop its properties in Guyana and French Guiana.

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Australia's Latin Resources has settled a placement with a strategic Asian resources fund for US$765,000.

The funds will be used to further exploration work at its lithium targets in Argentina, to maintain its Peruvian mineral properties in good standing and for working capital, according to a securities filing.