BUENOS AIRES, Argentina, Nov. 03, 2017 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp (TSX.V:ABRA) (OTCQB:ABBRF) (Frankfurt:1AH) ("AbraPlata" or the "Company") is pleased to announce that it has retained Alpha Advisory Services Inc ("Alpha") to provide investor relations and consulting services on a non-exclusive basis. The principal of Alpha is Rob Bruggeman.
In exchange for investor relations services, subject to TSX Venture Exchange approval, Alpha will receive a monthly retainer of $7,500. The Company will also grant to Alpha an option to purchase 300,000 common shares for a period of five years, subject to vesting and termination provisions pursuant to the Company’s Stock Option Plan and TSX Venture Exchange policies. Alpha’s engagement may be terminated at any time on 30-day advance notice. Alpha and Mr. Bruggeman do not currently have any direct or indirect interest in the Company.
The objective of the contract with Alpha Advisory is to grow investor and market awareness of the Company in North America and Europe as it advances Diablillos and its other properties.
About Alpha Advisory Services Inc.
Alpha Advisory Services Inc. provides investor relations services and corporate development advice to junior mining companies with strong technical teams and attractive projects in mining-friendly jurisdictions. Robert Bruggeman, the principal consultant for Alpha, has over twenty years' experience in equity research, proprietary trading, institutional equity sales, and corporate strategy. His expertise spans from engineering to corporate finance and he is both a licensed professional engineer and a CFA charter holder.
About AbraPlata
AbraPlata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina. The Company's experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on advancing its flagship Diablillos property, with an indicated resource of 81.3m oz Ag and 755k oz Au, through the various stages of feasibility. In addition, AbraPlata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized Cu-(Mo-Au) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the Company’s Samenta porphyry Cu-Mo property south of First Quantum’s TacaTaca project as well as its Aguas Perdidas Au-Ag epithermal property.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President & Chief Executive Officer
For further information concerning this news release, please contact:
Willem Fuchter
President & Chief Executive Officer
AbraPlata Resource Corp.
Tel: +54.11.5258.0920
E-mail: willem@abraplata.com
Karl Cahill
VP Investor Relations
AbraPlata Resource Corp.
Tel: +1.858.531.6100
Email: karl@abraplata.com
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information about AbraPlata and its projects, please visit the Company’s website at www.abraplata.com.
