Business
Andean Precious Metals Elects Not to Pay in Shares
Toronto, Ontario--(Newsfile Corp. - June 17, 2024) - Andean Precious Metals Corp.  (TSXV: A...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Elects Not to Pay in SharesToronto, Ontario--(Newsfile Corp. - June 17, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") previously announced on November 27, 2023 that, effective November 24, 2023, Andean, through its wholly-owned subsidiary Soledad Holdings, Inc. (\"Soledad\"), had signed and closed a transaction to acquire a 100% interest in Golden Queen Mining Company, LLC (\"Golden Queen\") from Auvergne Umbrella LLC.Pursuant to the transaction as described in the previous announcement, Soledad may satisfy any remaining payment obligations thereunder in the form of cash or common shares. Andean has irrevocably elected not to pay any remaining balance of the Golden Queen purchase consideration in common shares of Andean. About Andean Precious MetalsAndean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.For more information, please contact: Amanda MalloughDirector, Investor [email protected]: +1 647 463 7808Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Caution Regarding Forward-Looking StatementsCertain statements and information in this release constitute \"forward-looking statements\" within the meaning of applicable U.S. securities laws and \"forward-looking information\" within the meaning of applicable Canadian securities laws, which we refer to collectively as \"forward-looking statements\". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, ...