Aftermath Silver Announces Proposed Warrant Extension
Vancouver, October 4, 2023 - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath") is pleased to announce that, subject to receipt of required approval from the TSX Venture Exchange, the Company will extend the expiry of a total of 7,921,199 outstanding common share purchase warrants (the "Warrants").
The Warrants were issued pursuant to a private placement offering which closed on November 14, 2019 (the "Private Placement") pursuant to which the Company issued 16,500,000 units of the Company (each, a "Unit") at a price of C$0.20 per Unit (of which 328,801 warrants have previously been exercised). Each Unit consisted of one common share of the Company (a "Share") and one-half of one Warrant, with each whole Warrant entitling the holder thereof to purchase an additional Share until November 14, 2022, at an exercise price of C$0.25. The expiry date of the Warrants were originally extended until November 14, 2023 and will be extended once again by one year from November 14, 2023 to November 14, 2024. All other terms and conditions of the Warrants will remain the same.
About Aftermath Silver Ltd.
Aftermath Silver is a leading Canadian junior exploration company focused on silver and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The company's projects have been selected based on growth and development potential.
ON BEHALF OF THE BOARD OF DIRECTORS
"Ralph Rushton"
Ralph Rushton
CEO and Director
604-484-7855
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance, including without limitation, exploration plans at the Company's mineral projects (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking statements, including without limitation, failure of the Company to obtain TSX Venture Exchange approval for the proposed Warrant amendments. 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, but are not limited to, failure of the Company to obtain TSX Venture Exchange approval for the proposed Warrant amendments. In addition, forward‐looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at www.sedar.com.
There is no certainty that any forward‐looking statement will come to pass and investors should not place undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any of the forward‐looking statements in this release, except as required by law.
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