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Altiplano Announces Closing with Comet Exploration And Sale of Orogrande Property in Idaho
Altiplano Announces Closing with Comet Exploration And Sale of Orogrande Property in Idaho...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"\n\n\n\nAltiplano Announces Closing with Comet Exploration And Sale of Orogrande Property in Idaho\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, Sept. 20, 2018\n\n\n\nAPN: TSX‐V\n EDMONTON, Sept. 20, 2018  /CNW/ - Altiplano Metals Inc. (TSXV: APN) (\"APN\" or the \"Company\") is pleased to announce that it has completed the purchase from Comet Exploration Inc. of all of Comet's 50% interest in the Farellon and Maria Luisa projects in Chile as previously announced (see APN's press release dated December 11, 2017).  The final step to conclude the transaction was the approval of the demerger agreement by the Chilean tax authorities, which has now been granted.\nThe Company has also entered into an agreement (the \"Agreement\") for the sale and transfer all its interests in the Orogrande Property in Idaho to Montego Resources Inc. (\"Montego\"), in consideration of Montego's payment to the Company of US$50,000, and Montego's issuance to the Company of 520,000 common shares in three (3) instalments at a deemed price of CDN$0.25 per share, subject to certain resale restrictions as described in the Agreement.\nCompletion of the disposition to Montego is subject to the consent and waiver of Velocity USA, Ltd., which  holds a 1.5% net smelter returns royalty over the property, and the acceptance of the Agreement for filing by the TSX Venture Exchange on behalf of the Company. \nAbout Altiplano\nAltiplano Metals Inc. (APN: TSX‐V) is a mineral exploration company focused on evaluating and acquiring international projects with significant potential for advancement from discovery through to production, with a primary focus on Chile.  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.apnmetals.com.\nON BEHALF OF THE BOARD\ns/ \"John Williamson\"\nPresident and CEO\nTel: (780) 437-6624\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as ...