Montan Mining Completes Private Placement and Appoints New CFO
#1400 – 1111 West Georgia St.
Vancouver, BC V6E 4M3
MONTAN MINING COMPLETES PRIVATE PLACEMENT AND APPOINTS NEW CFO
MONTAN MINING CLOSES THIRD AND FINAL TRANCHE OF THE PRIVATE PLACEMENT
FOR TOTAL AGGREGATE PROCEEDS OF $ 1,030,569
MONTAN MINING APPOINTS ANTHONY BALIC AS CHIEF FINANCIAL OFFICER (“CFO”)
Vancouver, BC, January 13, 2017 – Montan Mining Corp. ( TSXv: MNY | FSE: S5GM | SSE:
MNYC) (“Montan” or the “Company”) is pleased to announce that it has completed the third and
final tranche of its previously anno unced $1,000,000 non-brokered private placement financing
(the “Financing”). The third tranche of the Financing consisted of 3,100,000 units at $0.05 per unit
for total gross proceeds of $155,000. Each unit consists of one common share and one transferable
share purchase warrant, with each warrant exercisable into one additional common share at $0.10
per share for five (5) years after the closing date. In total, the Financing consisted of 20,611,387
units for aggregate gross proceeds to the Company of $ 1,030,569.
In connection with the Financing, the Company paid finders fees in the a ggregate amount of
$5,250 in cash. All securities issued in connection with the Financing are subject to a restricted
period that expires four months following the date of issuance. Closing of the financing is subject
to receipt of final applicable regulatory and TSX Venture Exchange approval.
Upon closing of the Financing, the Company has 64,119,012 common shares outstanding.
Appointment of CFO – Anthony Balic
Furthermore, Montan is pleased to announce that it has appointed Mr. Anthony Balic as CFO of
the Company. Mr. Balic is a Chartered Professional A ccountant who has worked with Canadian
and US publicly listed resource companies for the past 10 years. He is currently the CFO of
Goldgroup Mining Inc. and was part of the finance team which brought their Mexican gold
mine into commercial production. Prior to this position, he was a Senior Manager at Deloitte LLP
in Vancouver, where he specialized in assurance and advisory for publicly traded mining
companies.
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 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 value for
the long term. The Company is engaged in closing the acquisition of an operation ready gold mine
and gold processing plant in the southern Peruvian minin g district of Caraveli under a Share
Exchange Agreement with Chazel Capital Inc. for the purchase of its 100% owned Peruvian
subsidiary Cerro Dorado S.A.C.
For more information, please visit the corporate website at http://www.montanmining.ca or
contact:
Investor Contact:
Luis F. Zapata
Executive Chairman
Email: [email protected]
Tel: +1-604-358-1382
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 F OR THE ADEQUACY OR ACCURACY 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 will close our
acquisition an operation ready gold mine and gold processing plant in the southern Peruvian mining district of
Caraveli under a Share Exchange Agreement with Chazel Capital Inc. for the purchase of its 100% owned Peruvian
subsidiary Cerro Dorado S.A.C.. Such forward-looking statements and information are subject to risks, uncertainties
and other factors which may cause our actual results, performance or achievements, or industry results, to be
materially different from any future re sults, performance or achievements expressed or implied by such forward -
looking statement. Specific risks included that we may not be able to complete any necessary future financing, or to
finance our intended acquisition. We may not be able to become prof itable 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.