Altair Resources – Partial Closing of Private Placement
VANCOUVER, BRITISH COLUMBIA – June 7, 2019: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes, President and CEO, is pleased to announce that further to the Company’s news releases dated April 10, 2019 and February 25, 2019, the Company has completed a partial closing of its non-brokered private placement financing by issuing 640,000 units (the “Units”) of the Company, at a price of $0.05 per Unit, for gross proceeds of $32,000. Each Unit comprised one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.06 per share for a period of three years from closing.
All securities issued have a hold period of four months plus a day from the date of issuance. Proceeds will be used for working capital, exploration and development activities and asset acquisitions. The remaining portion of the financing remains subject to final acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD,
“Harold Shipes”
Harold Shipes, Chairman & CEO
Neither 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.
Forward Looking Statement Caution
Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the TSX Venture Exchange’s approval of the sale of Altair Mining Inc. There can be no assurance that the Company will proceed to satisfy the conditions necessary to complete the acquisition of the Plant, including obtaining legal title to the Plant and completing the cash payment and the issuance of the Consideration Shares. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website, http://www.altairresources.com/. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.