Altiplano announces closing of over-subscribed unit private placement

Strategic Financial Advisory
Transaction Details

Altiplano Minerals Ltd. (TSXV:APN) announces that it has completed the closing of the non-brokered private placement previously announced on January 13, 2017, which the Company increased by $500,000 to cover over-subscriptions. In result, the Company has closed the sale of 20,000,000 units at C$0.15 per Unit to raise C$3.0 million in gross proceeds.  Each Unit consisted of one (1) common share and one (1) non-transferable share purchase warrant of the Company. Each Warrant is exercisable to acquire one (1) additional common share of the Company at an exercise price of $0.25 per share until February 27, 2019.

The Company also paid cash finders’ fees of $190,636.38 and issued 1,270,909 Warrants to certain arm’s length finders in connection with the Offering, representing 8.0% of the proceeds raised and 8.0% of the Units sold by such finders. Fort Capital Inc. acted as a capital markets advisor to the Company in connection to the private placement.

All of the securities issued pursuant to this Offering will have a hold period expiring on June 28, 2017. The net proceeds of the Offering will be used for the Company’s general working capital purposes.

Altiplano Minerals Ltd. (TSX‐V: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 altiplanominerals.com.

Fort Capital Inc. is an investment banking advisory firm that works with public and private companies in Canada. The firm draws from collective capital markets experience to provide its clients with proven, accessible and independent investment banking advice and transaction execution. For more information, visit fortcapital.ca.

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