Business
AbraPlata Closes $750,000 Non-Brokered Private Placement
(via TheNewswire) NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSW...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"AbraPlata Closes $750,000 Non-Brokered Private Placement(via TheNewswire)\n \n \nNOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES\n\n\n \nVANCOUVER, B.C. / TheNewswire / April 18, 2019, - AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) (\"AbraPlata\" or the \"Company\") is pleased to announce that it has closed the final tranche of its non-brokered private placement (the \"Private Placement\") of units (each, a \"Unit\") at a price of $0.05 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.10 for a period of sixty-months. \n\nIn connection with this final tranche of the Private Placement, the Company issued 4,616,000 Units. When combined with the earlier tranche of the Private Placement announced April 8, 2019, the Company has issued a total of 15,000,000 Units for gross proceeds of $750,000.00. All securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. \n\n\n \nThe Company has paid finders' cash commissions of $2,400.00 to certain parties who assisted the Company by introducing subscribers to the final tranche of the Private Placement. \n\n\n \nThe proceeds of the Private Placement will be used for general working capital purposes and the Company's Diabilillos property.\n\n\n \nThe securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.\n\n\n \nQualified Person\n\n\n \nAll scientific and technical information in this news release has been approved by Willem Fuchter, PhD PGeo, consultant to and Director of AbraPlata and a qualified person as defined by National...