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Altiplano Metals Announces Proposed Private Placement
Edmonton, Alberta--(Newsfile Corp. - February 12, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce
About this update from Altiplano Metals Inc.
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - February 12, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that, further to the announcement on January 8th (see news release) it has arranged a non-brokered private placement (the \"Offering\") of up to 6,666,666 units (the \"Units\") at C$0.06 per Unit to raise up to C$400,000 in gross proceeds. Each Unit will consist of one (1) common share and one-half (1/2) 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$0.10 per share. In the event that the common shares of the Company trade at a closing price greater than $0.20 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. (APN: TSX‐V) 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 on opportunity, overcoming challenges and building shareholder value. Additional information concerning Altiplano can be found on its website at www.apnmetals.com. ON BEHALF OF THE BOARD /s/ \"John Williamson\"Chairman For further information, please contact:Jeremy Yaseniuk, [email protected]: (604) 773-1467 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is d...