Altair to Joint Venture Prince Mine and Proposed Share Consolidation
Altair to Joint Venture Prince Mine
and Proposed Share Consolidation
VANCOUVER, BRITISH COLUMBIA – September 6, 2018: ALTAIR RESOURCES INC. (“Altair” or the
“Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy)
Shipes, President and CEO, is pleased to announce that the Company has entered into a Joint Venture
Agreement with International Silver Inc. (the “Purchaser” or “ISLV”) whereby ISLV will earn a 50% interest in
the Prince Exploration and Purchase Option (the “Prince Agreement”).
Pursuant to the terms of the Joint Venture Agreement, ISLV will assume all costs of the next drilling
campaign of the Prince orebody and a su bsequent NI 43-101 Report followed by a Prefeasibility
Study. Following completion of this work, each partner will assume the costs of subsequent work. Annual
lease payments will be shared by both companies in accordance with their proportional share of the Joint
Venture.
ISLV will assume the role of Project Manager. The Company will continue its ownership of the Pan American
Mine and Caselton Concentrator through its wholly owned subsidiary, Altair Mining Inc.
Mr. Harold Roy Shipes, Chairman and CEO o f Altair Resources Inc. is also the President and CEO and control
shareholder of ISLV. To date, ISLV has expended $733,000 on lease payments, drilling and assay and
management costs on the Prince orebody.
Mr. Shipes stated “This Joint Venture Agreement w ill be a win for both companies in that Altair will retain a
50% interest in the Joint Venture with minimal costs while ISLV will continue its exploration work on the
project.”
The Company further announces that it proposes to alter its share capital by consolidating all of its issued
and outstanding common shares on the basis of one (1) new common share for four (4) old common shares.
The consolidation will reduce the 49,861,501 common shares of the Company issued and outstanding to
approximately 12,465375 common shares. No fractional shares will be issued. Any fraction of a share will be
rounded down to the nearest whole number of common shares. The consolidation is subject to TSX Venture
Exchange (the “Exchange”) approval and the effective date will be determined by the Board upon receipt of
Exchange approval.
To learn more about Altair, please visit http://www.altairresources.com/.
ON BEHALF OF THE BOARD,
“Harold Shipes”
Harold Shipes, Chairman & CEO
2
Neither 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.
Forward Looking Statement Caution
Certain information contained in this news release constitutes “forward- looking information” or “forward -looking
statements” (collectively, “forward -looking information”). Without limiting the foregoing, such forward -looking
information includes statements regarding the composition of the Plant and its intended use, the issuance of the
Consideration Shares and any statements regarding the Company’s business plans, expectations and objectives. There
can be no assurance that the Company will proceed to satisf y the conditions necessary to complete the acquisition of
the Plant, including obtaining obtaining legal title to the Plant and completing the cash payment and the issuance of the
Consideration Shares. In this news release, words such as “may”, “would”, “c ould”, “will”, “likely”, “believe”, “expect”,
“anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward
looking information. Forward looking information should not be read as guarantees of futu re performance or results,
and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will
be achieved. Forward -looking information is based on information available at the time and/or the Company
management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional
information with respect to these and other factors and assumptions underlying the forward- looking information made
in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements
and other documents filed by the Company with the Canadian s ecurities commissions and the discussion of risk factors
set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s
website, http://www.altairresources.com/. The forward -looking information set forth herein reflects the Company’s
expectations as at the date of this news release and is subject to change after such date. The Company disclaims any
intention or ob ligation to update or revise any forward -looking information, whether as a result of new information,
future events or otherwise, other than as required by law.