Azarga Metals to Pay Baker Steel Semi-Annual Interest IN Shares
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
FOR IMMEDIATE RELEASE
11 October 2019 TSX-V: AZR
AZARGA METALS TO PAY BAKER STEEL SEMI-ANNUAL INTEREST IN SHARES
AZARGA METALS CORP. ("Azarga Metals" or the “Company”) (TSX-V:AZR) has delivered a
notice to Baker Steel Resources Trust Limited (“ BSRT”) indicating that it wishes to exercise its
option to pay the semi -annual interest owed on the US$3 million convertible debt to BSRT in
shares. Interest owed on the first semi -annual interest payment date of 12 October 2019 is the
Canadian equivalent of $ 88,227 that will be settled by the issue of 1,470,443 common shares
priced at $0.06 per share, being the closing price on 11 October 2019.
Pursuant to the loan agreement with BSRT, the shares are to be delivered to BSRT within 14
days following the interest payment date of 12 October 2019. Issuance of the shares is subject to
approval of the TSX-V.
About Azarga Metals Corp.
Azarga Metals is a mineral exploration and development company that owns 100% of the Unkur
Copper-Silver Project in the Zabaikalsky administrative region in eastern Russia. On completion
of a first phase physical exploration program in 2016 -2018, the Company estimated an Inferred
Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver for the project (see news release
15 October 2018). The Resource remains open in both directions along strike and down-dip.
AZARGA METALS CORP.
"Michael Hopley"
Michael Hopley,
President and Chief Executive Officer
For further information please contact: Doris Meyer, at +1 604 536 -2711 ext. 6, visit
www.azargametals.com, or follow us on Twitter @AzargaMetals. The address of the head office
of Azarga Metals is U nit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia,
Canada.
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.
Cautionary Statement:
This news release contains forward -looking statements that are based on the Corporation'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
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AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
www.azargametals.com
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; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the
mining industry; delays in obtaining governmental approvals or fi nancing; 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 Corporation 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 a guarante e of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.