Aftermath Silver Announces Shares for Debt
FOR IMMEDIATE RELEASE April 29, 2021
(AAG2021 – NR #6)
Aftermath Silver Announces Shares for Debt
Vancouver, BC, April 29, 2021 – Aftermath Silver Ltd. (the “ Company” or “ Aftermath
Silver”) (TSX-V: AAG) (OTCQB : AAGFF) announces that pursuant to the terms of the
previously announced Share Purchase Agreement (the " Agreement") with Mandalay Resources
Corporation ("Mandalay"), the Company has elected to settle the required payment of $1,500,000
owing to Mandalay on April 30, 2021 through the issuance of common shares of the Company (the
"Debt Settlement").
Pursuant to the Debt Settlement , the Company will issue 2,054,794 common shares of the
Company (the “Shares”) at a deemed price of $ 0.73 per Share to Mandalay. The issuance of the
Shares to Mandalay is subject to the approval of the TSX Venture Exchange. All Shares issued
pursuant to the Debt Settlement will be subject to a four month hold period.
About Aftermath Silver Ltd
Aftermath Silver Ltd is a leading 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 advancement. The Company's projects have been selected based on growth and
development potential.
• Berenguela Silver-Copper project. The Company has an option to acquire a 100%
interest through a binding agreement with SSR Mining. The project is located in the
Department of Puno, in southern central Peru.
• Challacollo Silver-Gold project. The Company has an option to acquire 100% interest in
the Challacollo silver-gold project through a binding agreement with Mandalay
Resources, see Company news release dated June 27th, 2019. The Company announced a
CIM compliant Mineral Resource for Challacollo on December 15th 2020, details of
which can be found in the NI 43-101 Technical Report for Challacollo (available on
SEDAR and on the Company’s web page).
• Cachinal Silver-Gold project. The Company own 80% interest, with an option to
acquire the remaining 20% from SSR Mining. Located 2.5 hours south of Antofagasta.
On September 16, 2020 the company released a CIM compliant Mineral Resource and
accompanying NI 43-101 Technical Report (available on SEDAR and on the Company’s
web page).
Aftermath is well funded to advance its programs in 2021, with approximately $15 million in the
treasury.
Qualified Person
Peter Voulgaris, MAIG, MAusIMM, a consultant to the Company, is a non-independent qualified
person as defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this news
release, and consents to the information provided in the form and context in which it appears.
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 predictions, expectation s, beliefs, plans, projections,
objectives, assumptions or future events or performance, including without limitation, the purchase and
trading of the Company’s common shares in the United States and proposed work programs at the
Company’s mineral projects, (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”, “budg ets”, “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 forw ard‐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; 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 reader is referred to the Company’s filings with the
Canadian securities regulators for dis closure regarding these and other risk factors, accessible through
Aftermath Silver’s 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 st atements. The Company does not undertake to provide updates to
any of the forward‐looking statements in this release, except as required by law.