AbraPlata Announces Non-brokered Private Placement
AbraPlata Announces Non-brokered Private Placement
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
BUENOS AIRES – April 30, 2018 , - AbraPlata Resource Corp. (TSX.V:ABRA; OTC : ABBRF; Frankfurt: 1AH )
("AbraPlata" or the "Company") is pleased to announce that, subject to TSX Venture Exchange approval, it will
conduct a non -brokered private placement of up to 7,500,000 units at a price of CAD$0.20 per unit (the
"Unit") to raise up to aggregate gross proceeds of CAD$1,500,000 (the "Financing").
Each Unit will consist of one common share in the equity of the Company and one share purchase warrant
(the "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company
at a price of CAD$0.30 per share for a period of three years from the closing of the Financing.
The proceeds of the Financing will be used for exploration activities at the Company's Diablillos property and
for general working capital purposes. The Company may pay finder's fee to qualified finders in respect to the
Financing. Securities issued as a result of the Financing will be subject to a statutory hold period. Closing is
expected on or around May 3, 2018.
The securities offered have not been, and will not be, registered und er 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 o r 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.
Qualified Person
All scientific and technical information in this news release has been approved by Willem Fuchter, PhD PGeo,
President & CEO of AbraPlata Resource Corp and a qualified person as defined by National Instrument 43-101.
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 R esource 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 Canadia n 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, uncertainties, and other factors
which may cause the actual res ults 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 statements. Accordingly, readers should not place undue r eliance 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 otherwise, 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.