Alturas Announces Debt Settlement
TORONTO, ONTARIO and LIMA, PERU -- (Marketwired) -- 07/08/13 --
Alturas Minerals Corp. (the "Company" or "Alturas") (TSX
VENTURE:ALT)(LMA:ALT) announced today that it has entered into
agreement with Equinox Minerals Limited, a wholly owned subsidiary of
Barrick Gold Corporation, to settle an aggregate of US$231,001
(CAD$242,851.35) of debt in consideration for the issuance of
4,857,027 Common Shares of the Company at CAD$0.05 per share. The
shares issued pursuant to this debt settlement are restricted from
trading until November 6, 2013. The debt settlements will reduce the
Company's liabilities and better position the Company to move
This debt settlement is subject to the approval of TSX Venture
Exchange to be obtained within thirty (30) days of the date hereof.
About Alturas Minerals Corp
Alturas is a Canadian corporation, and is the indirect parent of the
Peruvian company, Alturas Minerals S.A. ("Alturas Peru") and of the
Chilean company, Alturas ChileLimitada ("Alturas Chile"). Alturas
Peru has been exploring various mineral projects in Peru since
January 2004. Alturas Chile initiated exploration activities during
the second quarter of fiscal 2010. Alturas' exploration strategy is
focused on the discovery of large copper-gold porphyry/skarn deposits
and epithermal gold mineralized deposits.
The principal assets of Alturas are one project in drilling stage
Chapi Chapi-Utupara, and five drill-ready mineral exploration
projects located in Peru and Chile, including the Sombrero, Huajoto,
Ccaccapaqui and Pampa Colorada projects in Peru, and La Corina in
Chile. Alturas is also advancing its two recently acquired
gold-copper projects Marilin and Quispe in the Maricunga belt of
northern Chile. Alturas entered into a revised agreement on its Pampa
Colorada property with Origen Group S.A.C. and into an option
agreement on its Ccaccapaqui project with Compania de Minas
Buenaventura S.A.A. (see press releases dated January 5th, 2012 and
January 31st, 2012, respectively). In addition, Alturas has interests
in three other less-advanced exploration projects in Peru
(Callejones, San Antonio and La Divina).
For further information, please visit the Company's website at
Should you wish to receive Company news via email, please email
email@example.com and specify "Alturas News" in the
The TSX Venture Exchange and the Bolsa de Valores de Lima do not
accept responsibility for the adequacy or accuracy of this release.
Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which
are subject to various risks and uncertainties that could cause
actual results and future events to differ materially from those
expressed or implied by such statements. Investors are cautioned that
such statements are not guarantees of future performance and results.
Risks and uncertainties about the Company's business are more fully
discussed in the Company's disclosure documents filed from time to
time with the Canadian securities authorities.
Alturas Minerals Corp.
+ 51-1-372-3739 (Lima, Peru)
Av. Del Pinar 180, Suite 804,
Chacarilla del Estanque, Lima 33, Peru
Alturas Minerals Corp.
+ 1-416-363-4900 (Toronto, Canada)
67 Yonge Street, Suite 1102,
Toronto, ON Canada M5E 1J8
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