…because not all ounces were created equal.
…because not all ounces were created equal.
PRESS RELEASE FOR IMMEDIATE RELEASE
OCTOBER 27, 2017
TSX-V: MTT BCS: MTTCL
MAGNA TERRA CORPORATE UPDATE
Toronto, Ontario, October 27, 2017 – Further to the press release dated September 8, 2017,
Magna Terra Minerals Inc. (“Magna Terra” or the “Company”) (TSX-V: MTT) (BCS: MTTCL)
is pleased to announce that the Company, its subsidiary, Atala Resources Argentina SA (“Atala”)
and Renaissance Gold Inc. (“RenGold”) have closed their Amending Agreement which modifies
their existing property acquisition agreement. The Amending Agreement terminates certain
rights RenGold retained for future cash payments (totaling $80,000) in the event of Atala raising
cumulative equity financing of $2 million. For terminating these rights Magna Terra:
(i) issued, to RenGold, 250,000 Magna Terra treasury common shares, which shall be subject to
a regulatory hold period of 4 months and 1 day under applicable securities legislation; and
(ii) paid, to RenGold, the sum of $25,000.
RenGold retains an NSR (minimum 1%, maximum 4%) on certain of the properties defined in
the property acquisition agreement.
About Us
Magna Terra Minerals Inc. is a Canada based, precious metals focused exploration company,
with a portfolio of exploration properties in Quebec and a strategic interest in the Horn of South
America. Magna Terra has recently announced the acquisition of a significant exploration
portfolio in the prolific yet underexplored Province of Santa Cruz, Argentina and has assembled
an experienced team to advance this highly prospective exploration portfolio in the near term. A
number of these projects are available for option or joint venture, and additional information can
be found on the company’s website at: www.magnaterraminerals.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick, President & CEO: 647-478-5307
Email: [email protected]
Website: www.magnaterraminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept s responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward Looking Information
Some statements in this release may contain forward -looking information. All statements, other than of
historical fact, that address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without limitation, statements regarding potential
mineralization) are forward -looking statements. Forward -looking statements are generally identifiable by
use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”,
“plan” or “project” or the negative of these words or other variations on these words or comparable
terminology. Fo rward-looking statements are subject to a number of risks and uncertainties, many of
which are beyond the Company’s ability to control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the forward -looking statements. Factors that could
cause actual results or events to differ materially from current expectations include, among other things,
without limitation, failure by the parties to complete the Transaction, failure to establish estimated mineral
resources, the possibility that future exploration results will not be consistent with the Company's
expectations, changes in world gold markets or markets for other commodities, and other risks disclosed
in the Company’s public disclosure record on file wit h the relevant securities regulatory authorities. Any
forward-looking statement speaks only as of the date on which it is made and except as may be required
by applicable securities laws, the Company disclaims any intent or obligation to update any forward -
looking statement.