Los Andes Copper Ltd. Announces Share Consolidation
News Release
August 17, 2020
N.R. 2020-08
LOS ANDES COPPER LTD. ANNOUNCES SHARE CONSOLIDATION
Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture
Exchange: LA) is pleased to announce its intention to proceed with a share consolidation (the
“Consolidation”) of its issued and outstanding common shares (“Common Shares”) on the
basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation
Common Shares. Following the Consolidatio n, the Company will have approximately
27,165,813 post-consolidation Common Shares.
Pursuant to the articles of the Company, the Board of Directors (“Board”) of the Company has
approved the Consolidation by way of Board resolutions. The Board believes the
Consolidation will enable Los Andes to gain increased interest from investors and therefore
broaden the Company’s investor base.
The Consolidation remains subject to receipt of approval from the TSX Venture Exchange.
The Company name will not be changed in conjunction with the Consolidation.
For more information please contact:
Fernando Porcile, Executive Chairman
Tel: +56 2 2954-0450
Antony J. Amberg, President & CEO
Tel: +56 2 2954-0450
Blythweigh, Financial PR
Megan Ray
Rachael Brooks
Tel: +44 207 138 3203
E-Mail: [email protected] or visit our website at: www.losandescopper.com
Follow us on twitter: @LosAndesCopper
Follow us on LinkedIn: Los Andes Copper Ltd.
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and development company with an 100% interest in
the Vizcachitas copper-molybdenum porphyry project in Chile (the “ Project”). The Company
Suite 880 – 580 Hornby Street
Vancouver, BC V6C 3B6 Canada
Phone +1.604.806.0626 Fax +1.604.684.0642
www.losandescopper.com
is focused on progressing the Project, which is located along Chile's most prolific copper belt,
into production.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Certain of the information and statements cont ained herein that are not historical facts,
constitute "forward-looking information" within the meaning of the Securities Act (British
Columbia), Securities Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking
Information"). Forward-Looking Information is o ften, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend";
statements that an event or result is "due on” or "may", "will", "should", "could", or “might occur”
or “be achieved”; and, other similar expr essions. More specifically, Forward-Looking
Information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company, or industry results,
to be materially different from any future results, performance or achievements expressed or
implied by such Forward-Looking Information; including, without limitation, obtaining the
necessary approvals from the TSXV to effect the Consolidation and progressing the Project
into production. Such Forward-Looki ng Information is based upon the Company's
assumptions regarding global and Chilean economic, political and market conditions and the
price of metals and energy, and the Company's production. Among the factors that have a
direct bearing on the Company's future result s of operations and financial conditions are
changes in project parameters as plans cont inue to be refined, a change in government
policies, competition, currency fluctuations and restrictions and technological changes, among
other things. Should one or more of any of the aforementioned risks and uncertainties
materialize, or should underlying assumption s prove incorrect, actual results may vary
materially from any conclusions, forecasts or projections described in the Forward-Looking
Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking
Information. Except as required under applic able securities legislation, the Company
undertakes no obligation to publicly update or re vise Forward-Looking Information, whether
as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.