Altiplano Announces Proposed Private Placement
January 13 2017 - 9:00AM
Altiplano Minerals Ltd. (TSX-V:APN) (“
APN” or the
“
Company”) is pleased to announce that it has
arranged a non-brokered private placement (the
“
Offering”) of up to 16.7 million units (the
“
Units”) at C$0.15 per Unit to raise up to
C$2,500,000 in gross proceeds. Each Unit will consist of one
(1) common share and one (1) non-transferable share purchase
warrant (the “
Warrants”) of the Company.
Each whole Warrant will be exercisable to acquire one (1)
additional common share for two years from the closing date of the
Offering at a price of C$0.25 per share. The Company may pay
cash finder’s fees and/or agent’s warrants in connection with the
financing to arm’s length finders in accordance with the policies
of the TSX Venture Exchange.
Completion of the Offering is subject to the
delivery of definitive subscription agreements and TSX Venture
Exchange’s acceptance. All of the securities issued pursuant
to this Offering will have a hold period expiring four months and a
day after the closing date. The net proceeds of the Offering
will be used for general working capital requirements.
About Altiplano
Altiplano Minerals Ltd.
(TSX‐V:APN) is a mineral exploration company focused on evaluating
and acquiring projects with significant potential for advancement
from discovery through to production, in Canada and abroad.
Management has a substantial record of success in capitalizing
opportunity, overcoming challenges and building shareholder
value. Additional information concerning Altiplano can be
found on its website at www.altiplanominerals.com.
ON BEHALF OF THE BOARD
/s/ "John Williamson" President and CEO
Tel: (780) 437-6624
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the (TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This release includes certain statements that
may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking
statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and
title and delays due to third party opposition, changes in
government policies regarding mining and natural resource
exploration and exploitation, and continued availability of capital
and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
For more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedar.com.
Altiplano Metals (TSXV:APN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Altiplano Metals (TSXV:APN)
Historical Stock Chart
From Nov 2023 to Nov 2024