Altiplano Announces Private Placement
Altiplano Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 5, 2021) -
Altiplano Metals Inc.
(TSXV: APN) (WKN:
A2JNFG)
("Altiplano"
or the
"Company
") is pleased to announce that it has arranged a non-brokered
private placement (the "
Offering
") of up to 10,000,000 units (the "
Units
") at C$0.25 per Unit to raise up
to C$2,500,000 in gross proceeds.
Each Unit will consist of one (1) common share and one-half (1/2)
non-transferable share purchase warrant (the "
Warrants
") of the Company.
Each whole Warrant will be exercisable to acquire one (1) additional common share for two years from
the closing date of the Offering at a price of C$0.40 per share.
In the event that the common shares of
the Company trade at a closing price equal to or greater than $0.40 per share for a period of 5
consecutive days during the final 18 months of the term of the Warrants, then the Company may deliver a
notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the
Warrants will expire.
The Company may pay finder's fees raised in connection with the financing to arm's length finders in
accordance with the policies of the TSX Venture Exchange and as permitted by law.
Completion of the Offering is subject to the delivery of definitive subscription agreements and TSX
Venture Exchange's acceptance.
All the securities issued pursuant to this Offering will have a hold
period expiring four months and a day after the closing date. The proceeds of the Offering will be used to
fund the Company's current and planned exploration and development programs, as well as general
working capital.
About Altiplano
Altiplano Metals Inc. (TSXV: APN) is a Canadian mining company focused on the acquisition and
development of near-term cash flowing assets and exploration projects of significant scale. Altiplano's
goal is to grow into a mid-tier producer of copper, gold and silver with immediate plans of generating
profits from three cash flowing projects in 2021. Management has a substantial record of success in
capitalizing on opportunity, overcoming challenges and building shareholder value.
Altiplano is part of the Metals Group of companies, managed by an award-winning team of professionals
who stand for technical excellence, painstaking project selection and uncompromising corporate
governance, with a proven ability to capitalize on investment opportunities and deliver shareholder
returns.
www.metalsgroup.com
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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.
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the Company expects are forward-looking
statements. Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in the forward-
looking statements. Factors that could cause actual results to differ materially from those in forward-
looking statements include market prices, exploitation and exploration successes, continuity of
mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and
delays due to third party opposition, changes in government policies regarding mining and natural
resource exploration and exploitation, and continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information on the Company, investors should
review the Company's continuous disclosure filings that are available at
www.sedar.com
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/76252