Montan Mining Announces $700,000 Non-Brokered Private Placement
#1400 – 1111 West Georgia St. Vancouver, B.C. V6E 4M3
MONTAN MINING ANNOUNCES $700,000 NON-BROKERED PRIVATE PLACEMENT
Vancouver, BC, May 8th, 2017 – Montan Mining Corp. ( TSXv: MNY | FSE: S5GM | SSE:
MNYC) (“Montan” or the “Company”) is pleased to announce that it has arranged a private
placement financing of up to 12,727,273 units at a price of $0.055 per unit for total gross proceeds
of up to $700,000 . Each unit consists of one com mon share and a half warrant, with each whole
warrant exercisable into one additional common share at $0.10 per share for two (2) years after
the closing date. The financing is subject to acceptance by the TSX Venture Exchange.
Proceeds from the financing will be used to finalise the due diligence and legal work in preparation
for the acquisition of the Peruvian companies Kairos Capital Peru S.A.C (“Kairos”) and M&S
Transportes y Servicios Generales S.R.L (“Mirador”) from Pacific Alliance (refer News Release
of February 16, 2017), to fast tracking due diligence work with Cartesian Royalty Holdings (refer
News Release of April 25, 2107), and for general working capital.
The Company would like to confirm that the Kairos transaction, which will provide the Company
with existing (and growing) cash flow from the Mirador base and precious metals mill, is
proceeding on schedule.
The Company is also actively scoping initial exploration plans for its Cerro Dorado property, and
is considering initial phase work for the prospects that will be acquired upon closing of the Kairos
transaction. The Company notes that recent activities in the region, including work at the Los
Chapitos Project of Camin o Minerals Corp., located 80km west of Cerro Dorado, has continued
the trend over recent decades of making significant mineral discoveries in the Arequipa region of
southern Peru.
On behalf of the Board of Montan.
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
About Montan Mining Corp.
Montan Mining Corp. is an emerging gold producer focusing on monetizing mining assets in Peru.
The company is backed by an experienced management team with diverse technical, market, and
finance expertise and is supported by committed and sophisticated investors focused on building
long term value for shareholders.
Project location map: the locations of the Company’s principal projects & the Chapitos Project of
Camino Minerals Corp. are illustrated in the attached map of Peru.
For more information, please visit the corporate website at http://www.montanmining.ca or
contact:
Investor Contact:
Luis F. Zapata
Executive Chairman
Tel: +1.604.358.1382
Email: [email protected]
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 ACC URACY OF
THIS NEWS RELEASE.
Forward-Looking Statements: Certain statements in this press release are forward -looking statements within the
meaning of applicable securities laws. Forward-looking statements in this press release include that we have arranged
a private placement financing; that we will purchase Peruvian company Kairos Capital Peru S.A.C (“Kairos”) and
M&S Transportes y Servicios Generales S.R.L (“Mirador”) from Pacific Alliance, or that the company is assured of
TSX Venture Ex change approval for its acquisition; and the implication that cash flow at Mirador will continue to
increase. Such forward-looking statements and information are subject to risks, uncertainties and other factors which
may cause our actual results, performa nce or achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such forward -looking statement. Specific risks
included that we may not be able to secure sufficient mineral f eed stock of appropriate grades, we may not be able to
attract or retain key employees necessary for our operations, we may not be able to finance operations, we may not
be able to sustain recoveries that ensure profitability, and we may not be able to loc ate or negotiate transactions
which result in growth of our business. We may not be able to become profitable even if we are producing and milling
to capacity, profitability depends on revenues and expenses which are not completely controllable; we may not be
able to secure mineral feed from other miners; and we may not be able to restart production because of technical or
expense issues. Readers are cautioned to review the risk factors of junior mining companies which apply equally to
our company, and to our management discussion and analysis as filed on SEDAR. Other than as required by law, we
assume no obligation to update these forward looking statements.