Montan Mining Closes First Tranche of Non-Brokered Placement
MONTAN MINING CLOSES FIRST TRANCHE OF NON-BROKERED PLACEMENT
Vancouver, BC, October 18th, 2018 – Montan Mining Corp. (TSX-V: MNY | FSE: S5GM | SSE:
MNYC) (“Montan” or the “Company”) is pleased to announce that it has closed the first tranche
of the non -brokered private placement (the “Private Placement”), previously announced in its
News Release dated September 25, 2018. In the first tranche, the Company issued 6,517,000 units
(each, a “Unit”) at $0.05 per Unit for gross proceeds of $3 25,850. Each Unit consists of one
common share (each, a “Share”) and one transferable share purchase warrant (each, a “Warrant”)
with each Warrant exercisable into one additional Share at $0.06 per Share for one (1) year
following the closing date. The private placement has been conditionally approved by the TSX
Venture Exchange (the “TSX -V”), but remains subject to final TSX -V approval. The Company
intends on completing additional tranches of the Private Placement.
The securities issued under the Private Placement, and the Shares that may be issuable on exercise
of the Warrants, are subject to a statutory hold period expiring on February 19, 2019.
In connection with the first tranche, the Company issued finders’ fees of 425,000 Units having the
same terms as the Private Placement described above and 425,000 broker warrants (the “Broker
Warrants”) with each Broker Warrant exercisable into one additional Share at $0.06 per Share for
two (2) years following the closing date. The Company intends to use the net proceeds from the
Private Placement for working capital and general corporate purposes.
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, now anchored by Lions Bay Capital Inc.
On behalf of the Board of Montan.
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
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
Tel: +51.999.968.827 (Peru)
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 RESPONSI BILITY FOR THE ADEQUACY OR ACCURACY OF
THIS NEWS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to
herein as “forward -looking statements”) within the meaning of applicable securities legislation. Such
forward-looking statements include, w ithout limitation, forecasts, estimates, expectations and objectives for future
operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control
of the Company. Forward -looking statements are statements that are not historical facts and are generally, but not
always, identified by the words “will”, “plan”, “intends”, “may”, “will”, “could”, “expects”, “anticipates” and
similar expressions. Further disclosure of the risks and uncertainties facing Montan a nd other forward -looking
statements are discussed in Montan’s Management’s Discussion and Analysis which are available under the
Company’s profile on www.sedar.com.
In particular, this press release contains forward -looking statements pertaining to the c ompletion of additional
tranches of the Private Placement and receiving final approval of the TSX-V. These forward-looking statements are
based on assumptions made by and information currently available to the Company. Although management considers
these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By
their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not
to place undue reliance on these statements as a number of factors could cause actual results to differ materially from
the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward -looking statements.
These factors include, but are not limited to, commodity prices, fluctuations in revenues and expenses of the Company,
need for additional funding, availability of such additional funding and that funding will be on acceptable terms,
retention of key employees, economic conditions, currency fluctuat ions, competition and regulations, legal
proceedings,risks related to operations in foreign countries , the inability to complete additional tranches of the
Private Placement and the TSX-V not approving the additional tranches of the Private Placement.
The forward-looking statements in this press release are made as of the date they are given and, except as required by
applicable securities laws, the Company disclaims any intention or obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.