Altiplano Closes First Tranche of Private Placement
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Closes First Tranche of Private Placement
EDMONTON, AB - March 31, 2025 – Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (“Altiplano” or the
“Company”) is pleased to announce that it has closed the first tranche of a non -brokered private
placement financing (the “Offering”) previously announced on February 12, 2025.
The first tranche consisted of 12,785,000 units (the “Units”) at a price of $0. 05 per Unit, for total gross
proceeds of $ 639,250. Each Unit consisted of one (1) common share and one -half of a share purchase
warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one (1) common share of
the Company at an exercise of $0.075 per common share until March 31, 2027; 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, otherwise 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.
In connection with the sale of these Units, Altiplano paid a total of $ 12,165 in cash and issued 243,300
finder’s warrants (“ Finder’s Warrants”), on the same terms as the Warrants, to an eligible finder for
certain of the Units sold.
All securities issued are subject to a hold period until August 1, 2025.
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 subscriptions by insiders of Altiplano for a portion of the Private Placement are a related party
transaction for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in
Special Transactions (“MI 61-101”), but Altiplano 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 subscriptions, insofar as it involves the insiders of Altiplano,
does not exceed 25% of the market capitalization of the Issuer, as determined in accordance with MI 61-
101.
Altiplano expects to close a second tranche of this Offering in the near future.
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.
Page | 2
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 .