Altiplano Announces Increase in Proposed Private Placement

About this update from Altiplano Metals Inc.

[{"type":"text","content":"Altiplano Announces Increase in Proposed Private PlacementEDMONTON, ALBERTA /ACCESSWIRE / May 30, 2016 / Altiplano Minerals Ltd. (TSXV: APN) (\"APN\" or the \"Company\") further to the Company's press release dated May 3, 2016, APN announces that it has increased the non-brokered private placement (the \"Offering\") by 1.0 million units (the \"Units\"). The total Offering has therefore increased from 5.0 million units to 6.0 million units at C$0.10 per Unit to raise C$600,000 in gross proceeds. Each Unit will consist of one (1) common share and one-half (½) of a non-transferable share purchase warrant (the \"Warrants\") of the Company. Each whole Warrant will be exercisable to acquire one (1) additional common share at $0.15 per share for a period of one year from the closing date of the Offering. The Company may pay cash finder's fees raised in connection with the financing to arm's length finders in accordance with the policies of the TSX Venture Exchange.\n\nCompletion of the Offering is subject to the delivery of definitive subscription agreements and TSX Venture Exchange's acceptance. All of the securities issued pursuant to this Offering will have a hold period expiring four months and a day after the closing date. The net proceeds of the Offering will be used primarily for the Company's general working capital purposes.\n\nAbout Altiplano Minerals Ltd. \n\nAltiplano Minerals Ltd. (TSXV: APN) is a mineral exploration company focused on evaluating and acquiring projects with significant potential for advancement from discovery through to production, in Canada and abroad. 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.altiplanominerals.com.\n\nON BEHALF OF THE BOARD\n/s/ \"John Williamson\"\nPresident and CEO\nTel: (780) 437-6624\n\nNeither 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.\n\nThis release includes certain statements that may be deemed \"forward-looking statements\". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activiti...

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