Azarga Metals Receives Shareholder Approval FOR 100% Consolidation of Unkur Project
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
14 FEBRUARY 2018 TSX-V: AZR
AZARGA METALS RECEIVES SHAREHOLDER APPROVAL FOR 100%
CONSOLIDATION OF UNKUR PROJECT
AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR) has
received the majority of the minority shareholder approval at the Company’s Annual
General and Special Meeting held on February 14, 2018 for the proposed exercise of its
call option to increase its ownership of the Unkur Copper -Silver Project from 60% to
100%. Upon receipt of TSX Venture Exchange approval, t he Company will then
immediately issue 42,000,000 common shares at a deemed price of C$0.15 to the eight
holders (the “ Holders”) of the indirect 40% interest. The Holders have also agreed to
waive and cancel US$1.6 million deferred cash consideration for the consideration of
shares.
All other business at the meeting was passed including the appointment of the nominee
directors, the appointment of the auditor and the approval of the Company’s stock option
plan.
About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that currently owns
60% of the Unkur Copper -Silver Project in the Zabaikalsky administrative region of
eastern Russia. The Company has exercised its option to acquire the remaining 40% of
the project subject to the approval of the TSX Venture Exchange.
AZARGA METALS CORP.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit
www.azargametals.com.
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.
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Cautionary Statement:
This news release contains forward -looking statements that are based on the Company’s current
expectations and estimates. Forward -looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that could cause actual events or results
to differ materially from estimated or anticipated events or results implied or expressed in such forward -
looking statements. Such factors include, among others: the actual results of current planned exploration
activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be
refined; the Company’s disinterested shareholders approving the acquisition of the remaining 40% of the
Unkur project, possible variations in ore grade or recovery rates; accidents, labour disputes and other risks
of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal
prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated
or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as
may be required by applicable securities laws, the Company disclaims any intent or obligation to update
any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Forward-looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.