Vancouver, BC – September 4, 2018 – Aftermath Silver Ltd. (AAG.H – NEX) (“Aftermath” or the “Company”) is pleased to announce its plan to issue up to 3,333,333 shares at $0.105 cents per share to raise gross proceeds of up to $350,000 (subject to TSX Venture Approval). All Shares to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada. All or a portion of this placement could be subject to finder’s fees or commissions.
The net proceeds of the private placement will be used for due diligence purposes and general working capital.
Aftermath recently entered into a non binding Letter of Intent with Mandalay Resources Inc. to purchase the Challacollo silver-gold Project in Chile. Challacollo is a low sulphidation epithermal deposit which hosts a historic Mineral Resource of Indicated 4.7 million tonnes at 200 g/t silver and Inferred of 1.6 million tonnes of 134 g/t , with associated gold credits.
The Company has also has entered into a Definitive Agreement with Apogee Opportuniites Inc. to purchase their 80% interest in the Cachinal Silver-Gold Project, Chile. Cachinal is a low sulphidation epithermal deposit which currently hosts 18.4 million ounces Indicated and 3 million ounces of Silver.
ON BEHALF OF THE BOARD OF DIRECTORS
President, C.E.O., Director
Forward Looking Statements
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements within this news release, other than statements of historical fact relating to Aftermath Silver, are to be considered forward-looking statements with respect to the Company’s intentions for the Cachinal Project in Chile. Forward-looking statements include statements that are predictive in nature, are reliant on future events or conditions, or include words such as “expects”, “potential”, “anticipates”, “plans”, “believes”, “considers”, “significant”, “intends”, “targets”, “estimates”, “seeks”, attempts”, “assumes”, and other similar expressions.
The forward-looking statements are based on a number of assumptions which, while considered reasonable by Aftermath Silver Ltd, are, by their nature, subject to inherent risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include: the interpretation of previous and current results, the accuracy of exploration results, the accuracy of Mineral Resource Estimates, the anticipated results of future exploration, the forgoing ability to finance further exploration, delays in the completion of exploration, the future prices of silver and gold, and other metals, and general economic, market and/or business conditions. There can be no assurances that such statements and assumptions will prove accurate and, therefore, readers of this news release are advised to rely on their own evaluation of the information contained within. In addition to the assumptions herein, these assumptions include the assumptions described in Aftermath Silver Ltd’s Management’s Discussion and Analysis for the nine months ended February 28, 2018.
Although Aftermath Silver Ltd. has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking statements, there may be other risks, uncertainties and other factors that cause future performance to differ from what is anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Aftermath Silver Ltd. does not assume any obligation to update any forward-looking statements after the date on which such statements were made, except as required by applicable law.