EDMONTON, Aug. 29, 2018 /CNW/ - Altiplano Metals Inc. (APN:
TSXV) (ALTPF: OTCQB) (9AJ1: GER) ("APN" or the
"Company") is pleased to announce that it has arranged a
non-brokered private placement (the "Offering") of up to
4,000,000 units (the "Units") at C$0.25 per Unit to raise up to C$1,000,000 in gross proceeds. Each Unit
will consist of one (1) common share and one (1) non-transferable
share purchase warrant (the "Warrants") of the
Company. Each Warrant will be exercisable to acquire one (1)
additional common share for two years from the closing date of the
Offering at a price of C$0.35 per
share. The Company may pay finder's fees raised in connection
with the financing to arm's length finders in accordance with the
policies of the TSX Venture Exchange and as permitted by law.
Completion of the Offering is subject to the delivery of
definitive subscription agreements and TSX Venture Exchange's
acceptance. All of the securities issued pursuant to this
Offering will have a hold period expiring four months and a day
after the closing date. The net proceeds of the Offering will
be used primarily for the Company's Farallon Project, Chile, and for general working capital
purposes.
About Altiplano
Altiplano Metals Inc. (APN: TSX‐V) is a mineral
exploration company focused on evaluating and acquiring projects
with significant potential for advancement from discovery through
to production, in Canada and
abroad. Management has a substantial record of success in
capitalizing opportunity, overcoming challenges and building
shareholder value. Additional information concerning
Altiplano can be found on its website at www.apnmetals.com.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
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 for the adequacy or
accuracy of this release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability
to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information
on the Company, investors should review the Company's continuous
disclosure filings that are available at
www.sedar.com.
SOURCE Altiplano Metals Inc.
