AbraPlata Closes $1.5 Million Non-Brokered Private Placement
AbraPlata Closes $1.5 Million Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE U.S. OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
VANCOUVER, B.C. – October 31, 2019 – AbraPlata Resource Corp. (TSX.V: ABRA; OTCPK: ABBRF) (“AbraPlata”
or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private
placement (the “Placement”). In connection with the closing of the Placement, the Company issued
25,000,000 units (each, a “Unit”) a t a price of $0.0 6 per Unit fo r gross proceeds of $ 1,500,000. Each Unit
consists of one common share of the Company (each, a “Common Share”) and one common share purchase
warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional Common
Share at a price of $0.10 for a period of twenty-four months.
The proceeds of the Placement will be used to commence a diamond drill ing program at the Diablillos Silver-
Gold project and for general working capital purposes . In connection with the completion of the Placement,
the Company paid finders ’ fees of $ 8,100, to certain parties who assisted the Company by introducing
subscribers to the Placement.
All securities issued in connection with the closing of the Placement will be subject to a four -month-and-one-
day statutory hold period in accordance with applicable securities laws.
Certain insiders of the Company participated in the Placement for a total of $187,500. Participation by the
Company’s directors and other insiders in the Placement is considered to be a “related party transaction” as
defined in Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special Transactions
(“MI 61 -101”). The Placement is exempt from the formal valuation and minority shareholder approv al
requirements of MI 61-101, as neither the fair market value of the securities being issued to insiders,
nor the consideration being paid by such insiders, exceeds 25% of the Company’s market capitalization.
The securities offere d in the Placement 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 ac count 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 t he solicitation of
any offer to buy securities in the United States, nor in any other jurisdiction.
About AbraPlata
AbraPlata is focused on exploring and advancing its flagship Diablillos silver -gold property, located in mining -
friendly Salta province, Argentina. Diablillos has an Indicated Mineral Resource containing 80.9M oz silver and
732k oz gold. AbraPlata also owns the highly prospective Cerro Amarillo property with its cluster of five
mineralized Cu-(Mo-Au) porphyry intrusions located in a mining c amp hosting the behemoth El Teniente, Los
Bronces, and Los Pelambres porphyry Cu -Mo deposits. As well, AbraPlata is exploring Aguas Perdidas, its
wholly owned Patagonia -style epithermal Au -Ag property. AbraPlata is based in Vancouver, Canada, and is
listed on the TSX-V under the symbol “ABRA”.
ON BEHALF OF ABRAPLATA RESOURCE CORP.
Robert Bruggeman
Interim CEO
For further information concerning this news release, please contact:
Rob Bruggeman
Tel: +1.416.884.3556 Email: [email protected]
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.
Forward Looking Statement
This news release includes certain “forward-looking statements ” under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon a numbe r 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 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 reliance on
forward-looking statements. The Company disclaims any intention or obligatio n to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except as
required by law.