APN: TSX‐V
EDMONTON, Sept. 20, 2018 /CNW/ - Altiplano Metals
Inc. (TSXV: APN) ("APN" or the "Company") is pleased
to announce that it has completed the purchase from Comet
Exploration Inc. of all of Comet's 50% interest in the Farellon and
Maria Luisa projects in Chile as previously announced (see APN's press
release dated December 11,
2017). The final step to conclude the transaction was the
approval of the demerger agreement by the Chilean tax authorities,
which has now been granted.
The Company has also entered into an agreement (the
"Agreement") for the sale and transfer all its interests in
the Orogrande Property in Idaho to
Montego Resources Inc. ("Montego"), in consideration of
Montego's payment to the Company of US$50,000, and Montego's issuance to the Company
of 520,000 common shares in three (3) instalments at a deemed price
of CDN$0.25 per share, subject to
certain resale restrictions as described in the Agreement.
Completion of the disposition to Montego is subject to the
consent and waiver of Velocity USA, Ltd., which holds a 1.5% net
smelter returns royalty over the property, and the acceptance of
the Agreement for filing by the TSX Venture Exchange on behalf of
the Company.
About Altiplano
Altiplano Metals Inc. (APN: TSX‐V) is a
mineral exploration company focused on evaluating and acquiring
international projects with significant potential for advancement
from discovery through to production, with a primary focus on
Chile. 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
Tel: (780) 437-6624
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.
