Altamira Gold Corp Closes $1,933,000 Non-Brokered Private Placement
www.altamiragold.com | TSXV: ALTA
1500 - 409 Granville Street, Vancouver, BC V6C 1T2
TEL +1 604 676 5660
Altamira Gold Corp Closes $1,933,000
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NE WSWIRE SERVICES NOR FOR DISSEMINATION IN
THE UNITED STATES
December 21, 2017 – Altamira Gold Corp. (T SXV: ALTA) (FSE: T6UP) (USA: EQTRF),
(“Altamira” or the “ Company”) is pleased to announce that it has closed the non-brokered
private placement previously announced on November 15, 2017.
The Company has raised $1,933,000 through the issuance of 9,665,000 units (“Units”) at a price
of $0.20 per Unit. Each Unit is comprised of one common share and one non-transferable share
purchase warrant exercisable at $0.33 per warrant share for a period of five years from the issue
date. The company has agreed to pay cash finder’s fees of $123,760 and will issue 618,800
finders warrants exercisable at $0.33 per warrant share for a period of five years from the issue
date.
All the securities will be subject to a four-month hold period from the date of closing. Altamira
intends to use the net proceeds for its explora tion program on the Company's mineral properties
in Brazil, and for general working capital purposes.
The Company also announces that it has granted 675,000 stock options to directors, consultants,
and officers of the Company. The stock options ar e exercisable for a term of five years at an
exercise price of $0.28 per common share under the terms of the Company’s Stock Option Plan.
The Company is also is pleased to announce that it has retained Integral Wealth Securities
Limited ("IWS") to initiate its market making service. The market making service will be
undertaken directly by IWS, in compliance with the guidelines of the TSX Venture Exchange.
IWS is a specialized consulting firm based in Tor onto providing a variety of services focused on
TSX Venture Exchange listed issuers. In consider ation for their services, Altamira has agreed to
pay IWS $5,000 per month. The agreement has a 12 month term and has an early termination
provision. Altamira and IWS act at arm's length, and prior to the current market making
relationship IWS had no interest, directly or indirectly, in Altamira or its securities. The
agreement is subject to regulatory approval.
About Integrated Wealth Securities Limited
Integral Wealth Securities Limited is a national, independent investment dealer that provides
private and public issuers with investment banki ng services, institutional investors and public
issuers with capital markets services and a ffluent individuals with wealth management
services. Founded in 2004, the firm has establis hed capabilities in market making, energy
banking, and private debt / equity.
About Altamira Gold Corp.
The Company is focused on the exploration and development of gold deposits within western
central Brazil. The Company holds 12 projec ts comprising approximately 200,000 hectares,
within the prolific Juruena gold belt which hist orically produced an es timated 7 to 10Moz of
placer gold. The Company’s advanced Cajueiro project has an NI 43-101 resource of 8.64Mt @
0.78 g/t Au (for 214,000oz) in the Indicated Res ource category and 9.53Mt @ 0.66 g/t Au (for
204,000oz) in the Inferred Resource category and an additional 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
Neither TSX Venture Exchange nor it Regulation Services Pr ovider (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 hi storical are forward-looking statements, including
any statements regarding the private placement and use of proceeds. Actual outcomes may differ
materially from those in such forward-looking st atements. Except as required by law, we do not
undertake to update these forward looking statements.