AbraPlata Announces Closing of Non-Brokered Private Placement
AbraPlata Announces Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
VANCOUVER, CANADA – July 13, 2018, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF; Frankfurt: 1AH)
("AbraPlata" or the "Company") is pleased to announce that it has closed the final tranche of its non -brokered
private placement (the “Private Placement”) of units (each, a “Unit”) at a price of $0.20 per Unit. Each unit
consists of one common share of the Company, and one transferrable common share purchase warrant (each,
a “Warrant”). Each warrant is exercisable to acquire, one additional common share of the Company at a price
of $0.30 per share for a period of three years.
In connection with completion of this final tranche, the Company issued 3,587,202 Units. When combined with
the earlier tranche of the Private Placement, the Company has raised gross proceeds of $717,440.40.
In connection with this final tranche of the Private Placement, the Company has paid commissions of $6,514.24
and issued 32,571 non -transferrable share purchase warrants (each, a “Finders’ Warrant) to certain persons
who have introduced subscribers to the Company. Each Finder’s Warrant is exercisable to acquire an additional
common share of the Company at an exercise price of $0.30 per share for a period of three years. All securities
issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period.
The proceeds of the Financing will be used for exploration activities at the Company's Diablillos property and
for general working capital purposes.
The securities 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 U.S. state securities laws, and may not be offered or sold in the
United States or to, or for the account or benefit of, United States persons absent registration or any applicable
exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the
United States, nor in any other jurisdiction.
About AbraPlata
AbraPlata is a junior mining exploration company focused on delivering shareholder returns by unlocki ng
mineral value in Argentina. The Company's experienced management team has assembl ed an outstanding
portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos silver-
gold property, with an Indicated Mineral Resource containing 80.9M oz Ag and 732k oz Au, through the various
stages of feasibility. In addition, AbraPlata owns the highly prospective Cerro Amarillo property with its cluster
of five mineralized Cu-(Mo-Au) porphyry intrusions located in a mining camp hosting the behemoth El Teniente,
Los Bronces, and Los Pelambres porphyry Cu-Mo deposits.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President & Chief Executive Officer
For further information concerning this news release, please contact:
Willem Fuchter - President & CEO Rob Bruggeman - Investor Relations
Tel: +54.11.5258.0920 Tel: +1.416.884.3556
E-mail: [email protected] Email: [email protected]
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown risks, uncertaint ies, and other factors
which may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking statements. All statements that address future plans, activities, events or developments that
the Company believes, expects or anticipates will or may occur are forward -looking information. There can be
no assurance that such statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such stat ements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or other wise, except as required by
law.
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.
For further information about AbraPlata and its projects, please visit the Company’s website at
www.abraplata.com.