AbraPlata Completes Management Streamlining
VANCOUVER, British Columbia, Feb. 09, 2018 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. (TSX-V:ABRA) (OTC:ABBRF) (Frankfurt:1AH) ("AbraPlata" or the "Company") announces that, further to the Company's news release dated January 29, 2018 regarding the streamlining of the Company's management structure, the Company has now fulfilled its obligations to two former employees in the aggregate amount of CDN $97,500 by issuing 414,893 common shares at a deemed price of $0.235. These common shares are subject to a four month hold period from date of issuance under Canadian securities laws and the rules and policies of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President & Chief Executive Officer
For further information concerning this news release, please contact:
| Willem Fuchter | Rob Bruggeman | |
| President & Chief Executive Officer | Investor Relations | |
| AbraPlata Resource Corp. | AbraPlata Resource Corp. | |
| Tel: +54.11.5258.0920 | Tel: +1.416.884.3556 | |
| E-mail: willem@abraplata.com | Email: rob@abraplata.com |
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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.
For further information about AbraPlata and its projects, please visit the Company’s website at www.abraplata.com.