Altamira Gold Corp. announces completion of debt settlement, issues options.
www.altamiragold.com | TSXV: ALTA
1500 - 409 Granville Street, Vancouver, BC V6C 1T2
TEL +1 604 676 5660
Altamira Gold Corp. announces completion of debt settlement, issues options.
June 30, 2017 – Altamira Gold Corp. (T SXV: ALTA) (FSE: T6UP) (USA: EQTRF),
formerly Equitas Resources Corp. (“Altamira” or the “Company”) is pleased to announce that it
the TSX Venture Exchange has accepted for filing the Company's proposal to issue 175,718
common shares ("Shares") at a deemed price of $0.18 per Share to settle outstanding debts
totaling $31,629.24.
The securities issued pursuant to the shares for debt settlement will be subject to a four month
plus one day hold period expiri ng on October 30, 2017 in accordance with the policies of the
TSX Venture Exchange and applicable securities law. 133,333 of th ese Shares have been issued
to a non-arm’s length creditor.
The Company also announces that it has gran ted 1,015,000 stock options to directors,
consultants, and officers of the Company. The stock options are exercisable for a term of five
years at an exercise price of $0.28 per commo n share under the terms of the Company’s Stock
Option Plan.
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 @ 0.77 g/t Au (for 214,000oz) in the Indicated Resource category and 9.53Mt @ 0.66 g/t
Au (for 282,000oz) in the Inferred Resource categor y and an additional 1.37Mt @ 1.78 g/t Au in
oxides (for 78,400oz in saprolite) in the Inferred Resource category.
On Behalf of the Board of Directors,
ALTAMIRA GOLD CORP.
“Alan Carter”
Alan Carter
President & CEO
Tel: 604.676.5660
With certain debts owing to management and certain directors of the Company being settled pursuant to
the Debt Settlement, their participation in the Debt Se ttlement will be considered to be a “related party
transaction” within the meaning of Multilateral Inst rument 61-101 - Protection of Minority Security
Holders in Special Transactions (“MI 61-101”) and Poli cy 5.9 – Protection of Minority Security Holders
in Special Transactions of the TSX Venture Exchange. The Company is relying on an exemption available
from the formal valuation and minority sharehold er approval requirements under Section 5.5(a) and
Section 5.7(a) of MI 61-101 on the basis that the fair market value of the transactions with the insiders do
not exceed 25% of the Company’s market capitalization.
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Forward-Looking Statements
Statements in this document which are not purely hi storical are forward-looking statements, including
any statements regarding beliefs, plans , expectations or intentions regardi ng the future. It is important to
note that actual outcomes and the Company’s actual resu lts 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.