Business
Altiplano Closes Initial Tranche of Private Placement
Edmonton, Alberta--(Newsfile Corp. - August 29, 2023) -   Altiplano Metals Inc. (TSXV: APN)...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Closes Initial Tranche of Private PlacementEdmonton, Alberta--(Newsfile Corp. - August 29, 2023) -  Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that it has closed a first tranche of its non-brokered private placement (the \"Offering\") of up to 10,000,000 units (the \"Units\") at $0.10 per Unit to raise up to $1,000,000 in gross proceeds. In this close, the Company has raised $200,000 through the issuance of 2,000,000 Units. Each Unit consists of one (1) common share of the Company, one (1) non-transferable share purchase warrant (the \"Warrants\") of the Company. Each Warrant will be exercisable to acquire one (1) additional common share for two years from the closing date of the Offering at a price of C$0.12 per share.Certain arm's length finders received cash fees of $11,000 and 110,000 finders warrants, issued on the same terms as the Warrants in the Offering. All the securities issued will be subject to resale restrictions until December 31, 2023. The net proceeds of the Offering will be used to support working capital requirements as the Company transitions its production and sales process to the new processing facility at El Peńoń and to further develop other assets.About AltiplanoAltiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.ON BEHALF OF THE BOARD/s/ \"John Williamson\"ChairmanFor further information, please contact:Alastair McIntyre, [email protected]: (416) 434-3799Jeremy Yaseniuk, [email protected]: (604) 773-1467Neither the TSX Venture Exchange nor its Regulation Services Provider (as...