Abraplata Announces Private Placement
ABRAPLATA ANNOUNCES PRIVATE PLACEMENT
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN
THE UNITED STATES
Vancouver, BC, January 5, 2018 AbraPlata Resource Corp. ("AbraPlata" or the " Company") (TSX-V:
ABRA; OTCQB: ABBRF; Frankfurt: 1AH) is pleased to announce that the Company intends to complete
a non-brokered private placement of up to 7,500,000 units, each consisting of one (1) common share in
the capital of the Company (a "Common Share") and one (1) common share p urchase warrant (a
"Warrant") (together, a "Unit") at a price of $0.20 per Unit for total gross proceeds of up to $1,500,000
(the "Financing"). Each Warrant will be exercisable for two years to purchase an additional common
share at a price of $0.30 but w ill expire earlier if, for any ten (10) consecutive trading days on the TSX
Venture Exchange (the "Exchange"), the closing price of the Company's common shares equals or
exceeds $0.40.
Proceeds from the Financing will be used for continuing exploration on, and evaluation of, the Company's
Diablillos property and its other mineral exploration properties in Argentina, payment of outstanding
accounts payable, general and administrative expenses and working capital. Closing of the Financing is
subject to the approval of the Exchange. In compliance with Canadian securities laws and the rules of the
Exchange, all securities issued in connection with the Financing will be subject to a hold period of four
(4) months. The Company expects to complete the Financing within 30 days.
SSR Mining Inc. (formerly Silver Standard Resources Inc.) ("SSR Mining") holds a contractual anti -
dilution right (the "Anti-Dilution Right") entitling SSR Mining to maintain a 19.9% equity interest in the
capital of the Company, under the se cond amended and restated share purchase agreement dated March
21, 2017 (the "SSR Agreement"). A copy of the SSR Agreement is available from the Company's profile
on SEDAR (www.sedar.com). Completion of the Financing, and any subsequent exercise of the Warrants,
will oblige the Company to issue additional common shares to SSR Mining pursuant to the Anti -Dilution
Right sufficient for SSR Mining to maintain a 19.9% equity interest in the capital of the Company.
In connection with the Financing, the Company may pay a commission or finder's fees.
About AbraPlata
AbraPlata is a junior mining exploration company focused on delivering shareholder returns by unlocking
mineral value in Argentina. The Company's experienced management team has assembled an outstanding
portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos
property, with an indicated resource of 81.3m oz Ag and 755k 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. Further exploration work is al so
planned for the Company’s Samenta porphyry Cu -Mo property, located south of First Quantum's
TacaTaca project, as well as its Aguas Perdidas Au-Ag epithermal property.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President and Chief Executive Officer
For further information concerning this news release, please contact:
Willem Fuchter
President & Chief Executive Officer
AbraPlata Resource Corp.
Tel: +54.11.5258.0920
E-mail: [email protected]
Rob Bruggeman
Investor Relations
AbraPlata Resource Corp
Tel: +1.416.884.3556
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, uncertainties,
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 state ments 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 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 otherwise, except as required by law.
Neither 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.