Latin American Minerals Announces Extension to Work Commitment on the Butt Township Property
November 11, 2019 - TheNewswire - Toronto, Ontario - Latin American Minerals Inc. (TSXV:LAT) ("LAT" or the "Company") is pleased to announce that pursuant to the earn-in terms in the agreement between Griftco Corporation ("the Vendors") and the Company (see press release dated August 24, 2018"the Agreement"), the Company has agreed to an extension with the Vendors to extend the term of the first spending obligation to two years from one. In accordance with the Agreement, the Company has issued the Vendors an additional 2,500,000 shares and $25,000 in cash
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds mineral exploration projects in Ontario, Canada. The Company's Butt Township Property consists of 1,621 hectares in Butt Township, District of Nipissing, Ontario.
For more information, please contact:
Mathew Wilson, Mfin, CFA
President and CEO
Tel: 1-416-643-7630
E-mail: information@latinamericanminerals.com
Website: www.latinamericanminerals.com
The Company's public documents may be accessed at www.sedar.com. For further information, please visit our website at www.latinamericanminerals.com or email us information@latinamericanminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Copyright (c) 2019 TheNewswire - All rights reserved.