AbraPlata Closes First Tranche of Non-Brokered Private Placement
AbraPlata Closes First Tranche of Non-Brokered Private Placement
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
VANCOUVER, B.C. – April 8, 2019, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the
"Company") is pleased to announce that it has closed an initial tranche of its previously announced non-
brokered private placement. In connection with closing of the initial tranche, the Company issued 10,384,000
units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of $519,200. Each “Unit” consists of one
common share of the Company and one common share purchase warrant (each, a “ Warrant”). Each warrant
entitles the holder to acquire an additional common share at a price of $0.10 for a period of sixty-months.
The Company intends to complete a further tranche of the placement.
The proceeds of the Financing will be used for general working capital purposes. In connection with the
completion of the initial tranche of the placement, the Company paid finders’ fees of $1,500, to certain parties
who assisted the Company by introducing subscribers to the placement. The Company may pay additional
finder's fee on subsequent tranches of the placement.
All securities issued in connection the closing of the initial tranche of the placement, and any subsequent
tranches, will be subject to a four -month-and-one-day statutory hold period in accordance with applicable
securities laws. Completion of any further tranches of the placement remain s ubject to the approval of the
TSX Venture Exchange.
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 b e 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. T his 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,
consultant to and Director of AbraPlata and a qualified person as defined by National Instrument 43-101.
About AbraPlata
AbraPlata is a junior mining exploration company focused on unlocki ng mineral value in Argentina. The
Company has assembled an outstanding portfolio of gold, silver and copper exploration assets. The Company
is foc used on exploring and advancing its flagship Diablillos silver-gold property, which has an Indicated
Mineral R esource containing 80.9M oz silver and 732k oz gold. In addition, AbraPlata owns the highly
prospective Cerro Amarillo property, which hosts a cluster of five mineralized Cu-(Mo-Au) porphyry intrusions
and is located in a mining district hosting the behemoth El Teniente, Los Bronces, and Los Pelambres porphyry
Cu-Mo deposits.
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]
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 rea sonable, 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 futu re 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 obligation to update or revise any
forward-looking statements, whe ther 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.