AbraPlata Reports Results of Annual General Meeting and Issuance of Stock Options
Tickers: XTSX:ABRA, PINX:ABBRF
Buenos Aires / TheNewswire / June 20, 2017, - - AbraPlata Resource Corp. TSX.V:ABRA ("AbraPlata" or the "Company") held its annual general meeting of shareholders in Vancouver on June 6, 2017. The five nominees named in the Company's Management Proxy Circular dated May 5, 2017 were elected as directors to hold office until the next annual general meeting of shareholders. Shareholders also approved the re-appointment of Crowe Mackay LLP as the Company's auditors. In addition, the Company's shareholders unanimously approved the adoption of the Company's Stock Option Plan. In this regard, AbraPlata announces that an aggregate of 2,350,000 incentive stock options have been granted to directors, officers and consultants of the Company on June 7, 2017. The stock options have an exercise price of CAD$0.63 per share and are exercisable for a period of five years from the date of grant. The stock options vest 25% immediately, 25% after six months, 25% after twelve months and 25% after eighteen months.
About AbraPlata Resource Corp.
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, 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.
President & Chief Executive Officer
For further information concerning this news release, please contact:
Willem Fuchter Karl Cahill
President & Chief Executive Officer VP Investor Relations
AbraPlata Resource Corp. AbraPlata Resource Corp.
Tel: +54.11.5258.0920 Tel: +1.858.531.6100
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.
Copyright (c) 2017 TheNewswire - All rights reserved.
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