Aftermath Silver Announces a C$12.5-million Non-Brokered Private Placement
FOR IMMEDIATE RELEASE August 26, 2020
(AAG2020 – NR #10)
Aftermath Silver Announces a C$12.5-million Non-Brokered
Private Placement
Vancouver, BC, August 26, 2020 – Aftermath Silver Ltd. (the “Company” or “ Aftermath”)
(TSX-V: AAG) (OTCQB: AAGFF) is pleased to announce a non-brokered private placement of
up to 19,250,000 Common Shares at a price of $0.65 per share to raise C$12.5 million
Mr. Eric Sprott has agreed to invest C$5,351,022 in the Private Placement, on the acquisition of
8,232,341 Common Shares. Assuming the Private Placement is fully subscribed, this investment
will result in Mr. Sprott holding approximately 19.9% of Aftermath issued and outstanding
Common Shares, post-closing.
The Company intends to use the net proceeds for drilling and other technical studies on the
Berenguela Silver-Copper project in Peru, and the Challacollo and Cachinal Silver-Gold projects
in Chile, and for general working capital purposes.
The Company may pay a finder’s fee in connection with the Private Placement . The private
placement is subject to the approval of the TSX Venture Exchange and other applicable securities
regulatory bodies, and the securities will be subject to a four month and one day hold period from
the closing date, under Canadian securities laws.
About Aftermath Silver Ltd
Aftermath Silver Ltd is a Canadian junior exploration company focused on silver, and aims to
deliver shareholder value through the discovery , acquisition and development of quality silver
projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of
exploration.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ralph Rushton”
Ralph Rushton
CEO and Director
604-484-7855
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute “forward -looking information”
within the meaning of applicable Canadian provincial securities laws. Any statements or information that
express or involve discussions with respect to interpretation of exploration programs and drill results,
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often , but not always, using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”,
“targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof
or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken,
occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of
historical fact and may be forward-looking statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such 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, but are not limited to,
changes in commodities prices; changes in expected mineral production performance; unexpected
increases in capital costs; exploitation and exploration results; continued availability of capital and
financing; differing results and recommendations in a Preliminary Economic Assessment, Pre-Feasibility
Study or Feasibility Study; and general economic, market or business conditions. In addition, forward‐
looking statements are subject to various risks, including but not limited to operational risk; political risk;
currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reade r is referred to
the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk
factors, accessible through Aftermath Silvers’ profile at www.sedar.com.
There is no certainty that any forward‐looking statement will come to pass and investors should not place
undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to
any of the forward‐looking statements in this release, except as required by law.
Cautionary Note to US Investors - Mineral Resources
This News Release has been prepared in accordance with the requirements of Canadian National
Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'') and the Canadian Institute
of Mining, Metallurgy and Petroleum Definition Standards, which differ f rom the requirements of U.S.
securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes
standards for all public disclosure an issuer makes of scientific and technical information concerning
mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly from the
requirements of the United States Securities and Exchange Commission (the "SEC"), and information
concerning mineralization, deposits, mineral reserve and resource inf ormation contained or referred to
herein may not be comparable to similar information disclosed by U.S. companies.