Altiplano Minerals Limited: Announces Proposed Private Placement
06.01.2016 | Accesswire
EDMONTON, January 6, 2016 - Altiplano Minerals Ltd. (TSXV: APN) ("APN" or the "Company") announces that it has arranged a non-brokered private placement of up to 10.8 million common shares at C$0.025 per share to raise up to C$270,000 in gross proceeds. The Company may pay cash finder's fees raised in connection with the financing to arm's length finders in accordance with the policies of the TSX Venture Exchange.Completion of this financing is subject to the delivery of definitive subscription agreements and TSX Venture Exchange's acceptance. All of the shares issued pursuant to this offering will have a hold period expiring four months and a day after the closing date. The net proceeds of this financing will be used primarily for the Company's general working capital purposes, including office rent, management fees, legal, audit, accounting and administration costs.
About Altiplano
Altiplano Minerals Ltd. (TSXV: APN) 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.altiplanominerals.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 Minerals Ltd.