New Pacific Reports Financial Results FOR the Year Ended June 30, 2017
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(i) Consulting fees for Fiscal 2017 was $110,169 (Fiscal 2016 ‐ $3,690). The increase of consulting fees was due to
external consulting services related to seeking and acquiring mining properties in Bolivia.
(ii) Filing and listing fees for Fiscal 2017 was $100,190 (Fiscal 2016 ‐ $73,831). The filling fees include the base
fee and variable fee based on the market capitalization paid to TSX Venture.
(iii) Investor relations expense for Fiscal 2017 was $119,993 (Fiscal 2016 ‐ $55,103). The Company engaged in
more mining conferences and roadshows in the current year since it changed its business back to mining.
(iv) Professional fees for Fiscal 2017 was $455,978 (Fiscal 2016 ‐ $105,180). The increase in professional fees was
a result of additional legal and accounting services related to the Alcira acquisition.
(v) Salaries and benefits expense for Fiscal 2017 was $618,333 (Fiscal 2016 ‐ $366,284). The increase in salaries
in the current year was due to increased operating activities resulted in more chargeable hours for existing
employees and the creation of a couple of new positions.
(vi) Office and administration expense for Fiscal 2017 was $424,167 (Fiscal 2016 ‐ $255,397). The increase in office
and administration expenses was a result of the overall increased activity levels of the Company.
(vii) Share‐based compensation for Fiscal 2017 was $246,156 (Fiscal 2016 ‐ $129,726).
Foreign exchange loss for Fiscal 2017 was $78,944 (Fiscal 2016 ‐ foreign exchange gain of $864,648). The Company
holds a large portion of cash and cash equivalents and bonds in US dollars while the Company’s functional currency
is Canadian dollar, the fluctuation in exchange rates between the US dollar and Canadian dollar will impact the
financial results of the Company. During Fiscal 2017, the US dollar depreciated by 0.2% against Canadian dollar
(from 1.3009 to 1.2977) while in Fiscal 2016 the US dollar appreciated by 4.3% against Canadian dollar (from
1.2474 to 1.3009).
FOURTH QUARTER FINANCIAL SUMMARY
For the quarter ended June 30, 2017 (“Q4 Fiscal 2017”), the Company reported net loss attributable to equity
holders of $1.55 million or $0.02 per share, compared to net loss of $1.76 million or $0.03 per share for the
quarter ended June 30, 2016 (“Q4 Fiscal 2016”).
Major financial items impacting the fourth quarter financial results were as follow: (i) loss from investments
of $708,806 in Q4 Fiscal 2017 compared to income from investments of $1,507,480 in Q4 Fiscal 2016; (ii)
operating expenses of $756,523 in Q4 Fiscal 2017 compared to $220,352 in Q4 Fiscal 2016; (iii) foreign
exchange loss of $524,096 in Q4 Fiscal 2017 compared to foreign exchange gain of $64,378 in Q4 Fiscal 2016,
and (iv) no impairment charge in Q4 Fiscal 2017 compared to impairment of mineral property interest of $3,850,343
in Q4 Fiscal 2016.
ALCIRA ACQUISITION AND SILVER SAND PROPERTY
On July 20, 2017, the Company has closed its previously announced acquisition of 100% interest in Empresa
Minera Alcira S.A. (“Alcira”), a private Bolivian incorporated mining company from its three shareholders (the
“Vendors”) pursuant to the terms of a share purchase agreement (the “Agreement”) dated March 28, 2017. Alcira
has seven silver‐polymetallic mineral properties or ATEs (Temporary Special Authorization) in Bolivia. The most
significant property is the Silver Sand Property (the “Property”). The other six are early‐stage exploration projects,
which have either been subject to limited small‐scale mining or historical drilling.
The Company acquired Alcira for total cash consideration of US$45,000,000. Payment terms and schedules are
summarized as follow:
US$3,750,000 was paid to the Vendors on April 6, 2017 and was included in deposits and prepayments as at
June 30, 2017;
US$32,250,000 was paid to the Vendors on July 20, 2017;
US$2,000,000 was paid to Alcira on August 14, 2017 ahead of the scheduled October 18, 2017 payment date;
US$2,000,000 to be paid on or before October 18, 2017; and
US$5,000,000 to be paid to the Vendors once the Company has received certain specified permits and licenses
from the authorities of Bolivia necessary for mining and milling operations, or once Alcira has commenced
commercial production.
To facilitate the funding of its acquisition of Alcira, the Company successfully completed two private placements
subsequent to the year end.
On July 17, 2017, the Company closed a private placement to issue a total of 43,521,250 common shares at a price
of US$0.80 per share for gross proceeds of US$34,817,000. Total finder’s fee for the transaction was $554,632.
On July 28, 2017, the Company closed another private placement to issue a total of 1,250,000 common shares at a
price of US$0.80 per share for gross proceeds of US$1,000,000.
ABOUT NEW PACIFIC
New Pacific Metals Corp. is a Canadian exploration and development company which owns the Silver Sand
Project, in the Potosi Department of Bolivia, the Tagish Lake Gold Project in Yukon, Canada and the RZY
Project in Qinghai Province, China. Silvercorp Metals Inc. (TSX/NYSE American: SVM), the largest primary
silver producer in China, is the major shareholder.
For further information, contact:
New Pacific Metals Corp.,
Investor Relations
Phone: (604) 633‐1368
Fax: (604) 669‐9387
www.newpacificmetals.com
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION
Certain of the statements and information in this press release constitute “forward‐looking information” within the
meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any
of these terms and similar expressions) are not statements of historical fact and may be forward‐looking
statements or information.
Forward‐looking statements or information are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those reflected in the forward‐looking
statements or information, including, without limitation, risks relating to: fluctuating equity prices, bond prices,
commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest rate risk,
foreign investment risk loss of key personnel; conflicts of interest; dependence on management and others.
This list is not exhaustive of the factors that may affect any of the Company’s forward‐looking statements or
information. Forward‐looking statements or information are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward‐looking statements or information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year
ended June 30, 2017 under the heading “Risk Factors”. Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward‐
looking statements or information.
The Company’s forward‐looking statements and information are based on the assumptions, beliefs, expectations
and opinions of management as of the date of this press release, and other than as required by applicable securities
laws, the Company does not assume any obligation to update forward‐looking statements and information if
circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any
other events affecting such statements or information. For the reasons set forth above, investors should not place
undue reliance on forward‐looking statements and information.