Fortuna Silver Mines
Inc. (NYSE:FSM) (TSX:FVI) announces that pursuant to
a warrant exercise, it has acquired for a purchase price of
C$803,571, direct ownership of 5,357,142 common shares (the
“Shares”) of Prospero Silver Corp. (“Prospero”), of 510 West
Georgia Street, Suite 1800, Vancouver, BC V6B 0M3, at a price of
C$0.15 per Share.
Immediately following this transaction, Fortuna
owned 10,714,284 common shares of Prospero, representing 22.74% of
the issued and outstanding common shares of Prospero.
Immediately prior to the transaction, Fortuna owned 5,357,142
common shares and 5,357,142 common share purchase warrants.
The Shares were acquired by Fortuna for
investment purposes, and depending on market and other conditions,
it may from time to time in the future increase or decrease its
ownership, control or direction over securities of Prospero through
market transactions, private agreements, or otherwise.
Fortuna has filed on www.sedar.com a report in accordance with NI
62-103, and a copy of the report may be obtained by contacting
Sally Whittall, the Corporate Secretary of Fortuna, at
604-484-4085.
About Fortuna Silver Mines
Inc.
Fortuna is a growth oriented, precious metal
producer focused on mining opportunities in Latin America.
The Company’s primary assets are the Caylloma silver mine in
southern Peru, the San Jose silver-gold mine in Mexico and the
Lindero gold project in Argentina. The Company is selectively
pursuing acquisition opportunities throughout the Americas and in
select other areas.
ON BEHALF OF THE BOARD
Jorge A. Ganoza President, CEO and
DirectorFortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI
Investor Relations:
Carlos Baca- T (Peru): +51.1.616.6060, ext.
0
Forward looking Statements
This news release contains forward looking
statements which constitute "forward looking information" within
the meaning of applicable Canadian securities legislation and
"forward looking statements" within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995 (collectively, "Forward looking Statements"). All
statements included herein, other than statements of historical
fact, are Forward looking Statements and are subject to a variety
of known and unknown risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the Forward looking Statements. Often, but not always, these
Forward looking Statements can be identified by the use of words
such as "estimated", "potential", "open", "future", "assumed",
"projected", "used", "detailed", "has been", "gain", "planned",
"reflecting", "will", "containing", "remaining", "to be", or
statements that events, "could" or "should" occur or be achieved
and similar expressions, including negative variations.
Forward looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any results, performance or achievements
expressed or implied by the Forward looking Statements. Such
uncertainties and factors include, among others, changes in the
Company’s plans for its mines and mineral properties; changes in
general economic conditions and financial markets; changes in
prices for silver and other metals; technological and operational
hazards in Fortuna's mining and mine development activities; risks
inherent in mineral exploration; uncertainties inherent in the
estimation of mineral reserves, mineral resources, and metal
recoveries; governmental and other approvals; political unrest or
instability in countries where Fortuna is active; labor relations
issues; as well as those factors discussed under "Risk Factors" in
the Company's Annual Information Form. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in Forward looking Statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended.
Fortuna believes that the assumptions and
expectations reflected in the Forward looking Statements in this
news release are reasonable, but no assurance can be given that
these expectations will prove to be correct. Forward looking
Statements should not be unduly relied upon. These Forward looking
Statements speak only as of the date of this news release, and
Fortuna will not necessarily update these statements unless
required to do so by securities laws.
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