Yuntone Capital Corp. and Mantaro Silver Corp. Announce Conditional Approval for Qualifying Transaction and SEDAR filing of Filing Statement
Yuntone Capital Corp. and Mantaro Silver Corp. Announce Conditional Approval
for Qualifying Transaction and SEDAR filing of Filing Statement
May 17, 202 1 - Vancouver, British Columbia . YUNTONE CAPITAL CORP . (“Yuntone” or the
“Company”) (TSX -V: YTC.H), a capital pool company , is pleased to announce that it has received
conditional approval from the TSX Venture Exchange (the “ Exchange”) for its qualifying transaction (the
“Transaction”) with Mantaro Silver Corp. (“Mantaro”). As previously announced on October 27, 2020 and
May 4, 2021, Yuntone Capital will acquire all of the issued and outstanding shares of Mantaro by way of a
three cornered amalgamation. Mantaro owns five silver-focused Peruvian mineral properties, consisting of
its flagship Santas Gloria Silver Property and the San Jose , La Purisima, Cerro Luque and Huaranay
Properties (the “Silver Properties”).
Yuntone has also filed its filing statement (the “Filing Statement”) and technical report on the Santas Gloria
Property in connection with the Transaction. The Filing Statement is dated May 12, 2021 and posted on
Yuntone’s SEDAR profile at www.sedar.com.
Subject to Yuntone satisfying the conditions of the Exchange, c losing of the Transaction is expected to
occur in late May 2021.
About Yuntone
Yuntone Realty Capital Corp. is a capital pool company ("CPC") as defined by Exchange Policy 2.4 (“Policy
2.4”) and the shares were listed for trading under the trading symbol "YTC.H".
For further information please contact:
Yuntone Capital Corp.
Gunther Roehlig
(604) 683-0911
Information set forth in this news release contains forward-looking statements. These statements relate to
the completion of the Offering, completion of the Transaction, use of proceeds of the Offering, the
expectations relating to officers, directors and insiders of Mantaro, among others reflect management’s
current estimates, beliefs, intentions and expectations; they are not guarantees of future performance.
Yuntone cautions that all forward looking statements are inherently uncertain and that actual performance
may be affected by a number of material factors, many of which are beyond Yuntone’s control. Such factors
include, among other things: risks and uncertainti es relating to Yuntone’s ability to complete the proposed
Qualifying Transaction and the Offering; and other risks and uncertainties. Accordingly, actual and future
events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required under applicable securities
legislation, Yuntone undertakes no obligation to publicly update or revise forward-looking information.
Completion of the transacti on is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder
approval. Where applicable, the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement
to be prepared in connection with the transaction, any information released or received with respect to the
transaction may not be accurate or comp lete and should not be relied upon. Trading in the securities of a
capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.
A halt in trading shall remain in place until after the Qualifying Transaction is completed or such time that
acceptable documentation is filed with the TSX Venture Exchange.
NEITHER TSX VENTUR E 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.