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
12 April 2021 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$3.5 million
(fixed at C$4,692,550) convertible debt to BSRT in shares. Interest owed on 10 April
2021 is C$188,216 that will be settled by the issue of 1,5 05,730 common shares priced
at $0.125 per share, being the closing price on 8 April 2021.
Pursuant to the loan agreement with BSRT, the shares are to be delivered to BSRT within
14 days following the interest payment date of 10 April 2021. 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 in the report entitled “Technical Report and Preliminary Economic
Assessment for the Unkur Copper -Silver Project, Kodar -Udokan, Russian Federation”
dated effective 30, August 2018 authored by Tetra Tech Mining & Minerals.
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 Unit 1 - 15782 Marine Drive, White Rock, BC V4B 1E6,
British Columbia, Canada.
Page 2
AZARGA METALS CORP.
UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA
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.
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
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 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 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 guarantee of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.