1. NAME AND ADDRESS OF COMPANY AbraPlata Resource Corp.
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FORM 51-102F3 MATERIAL CHANGE REPORT
1. NAME AND ADDRESS OF COMPANY
AbraPlata Resource Corp.
#303, 750 West Pender Street Vancouver, BC V6C 2T7
2. DATE OF MATERIAL CHANGE
April 8, 2019
3. PRESS RELEASE
The press release was issued on April 8, 2019 and was disseminated through the facilities of a recognized newswire services. A copy of the press release was filed on SEDAR.
4. SUMMARY OF MATERIAL CHANGE
AbraPlata closes first tranche of non-brokered private placement.
5. FULL DISCLOSURE OF MATERIAL CHANGE
Full Description of Material Change
Vancouver, B.C., April 8, 2019, AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF) ("AbraPlata" or the "Company") is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement. In connection with closing of the initial tranche, the Company issued 10,384,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of $519,200. Each “Unit” consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each warrant entitles the holder to acquire an additional common share at a price of $0.10 for a period of sixty-months.
The Company intends to complete a further tranche of the placement.
The proceeds of the Financing will be used for general working capital purposes. In connection with the completion of the initial tranche of the placement, the Company paid finders’ fees of $1,500, to certain parties who assisted the Company by introducing subscribers to the placement. The Company may pay additional finder's fee on subsequent tranches of the placement.
All securities issued in connection the closing of the initial tranche of the placement, and any subsequent tranches, will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of any further tranches of the placement remain subject to the approval of the TSX Venture Exchange.
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The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
Qualified Person
All scientific and technical information in this news release has been approved by Willem Fuchter, PhD PGeo, consultant to and Director of AbraPlata and a qualified person as defined by National Instrument 43-101.
About AbraPlata
AbraPlata is a junior mining exploration company focused on unlocking mineral value in Argentina. The Company has assembled an outstanding portfolio of gold, silver and copper exploration assets. The Company is focused on exploring and advancing its flagship Diablillos silver-gold property, which has an Indicated Mineral Resource containing 80.9M oz silver and 732k oz gold. In addition, AbraPlata owns the highly prospective Cerro Amarillo property, which hosts a cluster of five mineralized Cu-(Mo-Au) porphyry intrusions and is located in a mining district hosting the behemoth El Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits.
ON BEHALF OF ABRAPLATA RESOURCE CORP.
Robert Bruggeman Interim CEO
For further information concerning this news release, please contact:
Rob Bruggeman
Tel: +1.416.884.3556 Email: [email protected]
6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102
Not applicable.
7. OMITTED INFORMATION
No information has been intentionally omitted from this form.
8. EXECUTIVE OFFICER
The name and business number of an officer of the Company through whom an executive officer who is knowledgeable about the material change and this report may be contacted is:
Rob Bruggeman
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Interim Chief Executive Officer
Telephone: +1.416.884.3556
9. DATE OF REPORT
DATED this 8th day of April, 2019.