Atico Mining Repays First Debenture Group Holders
January 07 2020 - 8:30AM
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY |
OTC: ATCMF) is pleased to announce that it has repaid, in full, its
outstanding CDN$1,347,875 first tranche of debenture facility (the
"Debenture Facility") payable to first debenture group holders. The
Debenture Facility was assumed by the Company as a result of the
Toachi acquisition (the "Acquisition") in September 2019.
In the following months, the Company plans to
continue reducing all of the remaining debts assumed on the
Acquisition, in accordance with their respective terms.
About Atico Mining
Corporation
Atico is a growth-oriented company, focused on
exploring, developing and mining copper and gold projects in Latin
America. The Company operates the El Roble mine and is pursuing
additional acquisition opportunities. For more information, please
visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. GanozaCEOAtico Mining
Corporation
Trading symbols: TSX.V: ATY | OTC: ATCMF
Investor RelationsIgor DutinaTel:
+1.604.633.9022
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.
No securities regulatory authority has either
approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the
‘‘U.S. Securities Act’’), or any state securities laws, and may not
be offered or sold in the United States, or to, or for the account
or benefit of, a "U.S. person" (as defined in Regulation S of the
U.S. Securities Act) unless pursuant to an exemption therefrom.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward-Looking
Statements
This announcement includes certain
“forward-looking statements” within the meaning of Canadian
securities legislation. All statements included herein, other than
statements of historical fact, are forward-looking
statements. Forward-looking statements in this announcement
include, without limitation, statements related to the merits of
the Claim, the likelihood of success of the Claim, the timing for
resolution of the Claim, the Company’s intentions regarding
defending the Claim and the Company’s plans with respect to its
projects and future acquisitions. Forward-looking statements
involve various risks and uncertainties and are based on certain
factors and assumptions. There can be no assurance that such
statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company’s expectations include
uncertainties relating to the merits of the Claim; the assessment
of applicable Colombian law; the Company’s ability to defend the
Claim; interpretation of drill results and the geology, continuity
and grade of mineral deposits; uncertainty of estimates of capital
and operating costs; the need to obtain additional financing to
maintain its interest in and/or explore and develop the Company’s
mineral projects; uncertainty of meeting anticipated program
milestones for the Company’s mineral projects; and other risks and
uncertainties disclosed under the heading “Risk Factors” in the
prospectus of the Company dated March 2, 2012 filed with the
Canadian securities regulatory authorities on the SEDAR website
at www.sedar.com
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