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Altiplano Metals Announces Proposed C$1.675 Million Private Placement
Edmonton, Alberta--(Newsfile Corp. - October 13, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce t
About this update from Altiplano Metals Inc.
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - October 13, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that it has arranged a non-brokered private placement (the \"Offering\") of up to 9,571,430 units (the \"Units\") at C$0.175 per Unit to raise up to C$1,675,000 in gross proceeds. Each Unit will consist of one (1) common share and one (1) non-transferable share purchase warrant (the \"Warrants\") of the Company. Each whole 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$0.25 per share. In the event that the common shares of the Company trade at a closing price greater than $0.35 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire. The Company may pay finder's fees raised in connection with the financing to arm's length finders in accordance with the policies of the TSX Venture Exchange and as permitted by law. Completion of the Offering is subject to the delivery of definitive subscription agreements and TSX Venture Exchange's acceptance. All the securities issued pursuant to this Offering will have a hold period expiring four months and a day after the closing date. The proceeds of the Offering will be used to fund the construction of the Company's own processing facility and the completion of the current exploration and development programs, and general working capital. About Altiplano Altiplano Metals Inc. (TSXV: APN) is a Canadian mineral development company focused on acquiring projects with significant potential for advancement from discovery through to production. Altiplano's goal is to grow into a mid-tier mining company through developing a portfolio of near-by production and cash flowing assets focusing on copper, gold and silver. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano is part of the Metals Group portfolio of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection, uncompromising corporate governance and a unique ability to pan through the rubble ...