Altiplano Announces Private Placement and Issues Shares to Lender as part of Previously Agreed Loan Terms
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Announces Private Placement and
Issues Shares to Lender as part of Previously Agreed Loan Terms
EDMONTON, February 12, 2025 – Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“ Altiplano” or the
“Company”) proposed to complete a non -brokered private placement (the " Offering") of up to
20,000,000 units (the "Units") at C$0.05 per Unit for gross proceeds of up to C$1,000,000. Each Unit will
consist of one (1) common share and one -half (1/2) of a share purchase warrant (the " Warrant") of the
Company.
Each whole Warrant will entitle the holder to purchase one (1) additional common share at a price of
C$0.075 per share for two years from the closing date of the Offering. Provided that if the closing market
price for the Company's common shares is equal to or greater than C$0.10 per share for a period of five
(5) consecutive trading days at any point after the first 4 months of the term (the “Acceleration Clause”),
then the Company may deliver a notice that the Warrants must be exercised within thirty (30) days from
the date of delivery of such Notice, otherwi se the Warrants will expire at 4:30 p.m. ( Edmonton time) on
the thirty-first (31st) day after the date of delivery of the Notice..
Completion of the Offering is subject to approval by the TSX Venture Exchange. All the securities issued
pursuant to this Offering will have a hold period expiring four months and a day after the closing date.
The net proceeds of the Offering will be used for working capital to support the concentrate production
cycle at the El Peñón processing facility in Chile; development costs, including a diamond drill program, at
Santa Beatriz to outline a short-term production plan, and fund general admin while reviewing additional
projects for potential acquisition or alternative mill supply. 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.
Loan Update
Further to the Company’s news release dated August 30, 2024, the TSX has approved the final terms of
the loan agreement, and the Company has issued the 1,058,823 bonus common shares to the Lender.
The issuance of the bonus common shares to the Lender is a related party transaction for the purposes of
Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special Transactions (“MI 61-
101”), but the Issuer is relying on exemptions from the formal valuation and minority shareholder
approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair
market value of the shares being issued, insofar as it involves the Lender, does not exceed 25% of the
market capitalization of the Issuer, as determined in accordance with MI 61-101.
The common shares are subject to a hold p eriod until June 13, 2025. For additional information with
respect to the Loan, please refer to the Company’s news release dated August 30, 2024.
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About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company
has a diversified portfolio of assets that include exploration properties, a developing copper/gold/iron
mine and a n industry leading copper/gold and iron processing facility . Altiplano is focused on creating
long-term stakeholder value through developing safe and sustainable production, reinvesting into
exploration and development, and pursuing acquisition opportunities to provide scalable upside
opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming
challenges and building shareholder value.
www.metalsgroup.com
Altiplano is part of the Metals Group of Companies, led by a dynamic
group of resource sector professionals with a long record of success
in evaluating and advancing mining projects from exploration
through to production, attracting capital, and overcoming adversity
to deliver exceptional shareholder value.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chair
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
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, contin uity 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 co ntinued
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.sedarplus.ca .