Altamira Announces Completion of February 2019 Salary Settlement
www.altamiragold.com | TSXV:
ALTA
1500
-
409 Granville Street, Vancouver, BC V6C 1T2
TEL
+1 604 676 5660
Altamira
A
nnounces
C
ompletion of
February
2019
S
alary
S
ettlement
March
8
th
, 201
9
–
Altamira Gold Corp.
(TSXV: ALTA) (FSE: T6UP) (USA: EQTRF),
(“
Altamira
” or the “
Company
”)
F
urther to the Company’s announcement on December 18,
2018
,
the
TSX Venture Exchange has accepted for filing the Company's proposal to issue
294,998
common shares ("Shares") at a deemed price of
$0.0
75
per Share to settle salary
payments totaling
$
22,125
in respect of the month of
February
201
9
.
The
shares are
subjec
t to a four month plus one day hold period in accordance with the policies
of the TSX Venture Exchange and applicable securities law.
As Alan Carter, Michael Bennett and Michael O’Brien are directors and/or officers of the
Company, their participation i
n the issuance of
211,665
common shares pursuant to this
arrangement
for
the month of
February
2019
will constitute a related party transaction within the
meaning of Multilateral Instrument 61
-
101
-
Protection of Minority Security Holders in Special
Transa
ctions (“MI 61
-
101”). The transaction is exempt from the formal valuation and minority
shareholder approval requirements of MI 61
-
101 pursuant to section 5.5(a) and section 5.7
(a)
of
that instrument.
About Altamira Gold Corp.
The Company is
focused on the exploration and development of gold deposits within western
central Brazil. The Company holds 12 projects comprising approximately 200,000 hectares,
within the prolific Juruena gold belt which historically produced an estimated 7 to 10Moz of
placer gold. The Company’s advanced Cajueiro project has an NI 43
-
101 compliant resources of
8.64Mt @ 0.78 g/t Au (for 214,000oz) in the Indicated Resource category and 9.53Mt @ 0.66 g/t
Au (for 204,000oz) in the Inferred Resource category and an addition
al 1.37Mt @ 1.61 g/t Au in
oxides (for 79,000oz in saprolite) in the Inferred Resource category.
On Behalf of the Board of Directors,
ALTAMIRA GOLD CORP.
“Michael Bennett
”
Michael Bennett
President & CEO
Tel: 604.676.5660
Toll
-
Free:
1
-
833
-
606
-
6271
Neither TSX Venture Exchange nor it 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.
Forward
-
Looking Statements
Statements in this document which are not purely historical are forward
-
looking statements, including
any statements regarding beliefs, plans, expectations or intentions regarding the futu
re. It is important to
note that actual outcomes and the Company’s actual results could differ materially from those in such
forward
-
looking statements. Except as required by law, we do not undertake to update these forward
-
looking statements.