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ABOUT

  • AbraPlata Resource Corp is a mineral exploration and development company engaged in the acquisition, exploration and development of mineral resource properties in Argentina.
  • AbraPlata will be the Resulting Issuer from the merger of Huayra Minerals Corporation (a private BC-registered company) and Angel Bioventures Inc (a TSX.V-listed company).
  • Abraplata has an agreement with Silver Standard Resources Inc to acquire a 100% interest in the Diablillos Property in Salta Province, Argentina.
  • AbraPlata additionally has rights to the Cerro Amarillo property in the Province of Mendoza, the Samenta property in the Province of Salta, and the Aguas Perdidas property in Chubut Province all in Argentina.
  • The company is expected to be listed on the TSX Venture Exchange after the RTO is completed in Q2 2017.

History

AbraPlata Resource Corp (www.abraplata.com) is an Argentine-Canadian company listed on the Toronto Venture Exchange (TSX-V.ABRA), and was specifically set-up to take advantage of the mineral potential of Argentina as well as the improving economic and political environment in Argentina since the change of Administration in December 2015. The company was set-up with seed capital from investors in Argentina, Australia, Canada, and the US, and is the resulting issuer from the RTO of Angel Bioventures Inc by Huayra Minerals Corporation.

Huayra was created around the Argentine assets of Canadian explorer Meryllion Resources Corporation who sold off these assets to its Argentine management team when they exited Argentina in 2015.  These assets comprised the Cerro Amarillo Cu-(Mo-Au) porphyry project in Mendoza Province and the Samenta Cu-Mo porphyry project in Salta. Huayra subsequently acquired Silver Standard Resources Inc’s Diablillos Ag-Au deposit (1.9m oz AuEq or 135m oz AgEq) in Salta in 2016 as well as the Aguas Perdidas epithermal Au-Ag project in Chubut Province.  In late 2016, Huayra and Angel signed a merger agreement and proceeded with the process of having the merger approved by the TSX-V.

An Argentine-Canadian company has distinct competitive advantages over foreign-owned mining companies, particularly in view of the prevalence of “resource nationalism” in South America in general and Argentina in particular.  Moreover, secular changes in the mining industry and the realization that the “junior mining” model needs to make considerable adjustments to gain national and local community acceptance, indicates that a different, shared approach requiring a broader participation in the risks as well as the significant rewards inherent in the mining industry is needed.

AbraPlata believes that, with the participation of local capital as well as resident national management, the company is working towards these operating objectives.  And the company name endeavours to reflect this.  The name embodies “openness” with respect to its dealings with all stakeholders, including local communities, provincial and federal governments, employees, shareholders, and regulatory bodies. Also, AbraPlata means “Silver Pass” reflecting its principal silver-rich project Diablillos which is located in the high plains desert of northwestern Argentina, as well as recognizing the abundant mineral endowment of the Andean chain, and the passes that need to be recognized and traversed in order to access the mineral wealth in the Cordillera.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 22042.60 43.64
S&P 500 2469.54 4.93
NASDAQ 6349.62 16.606
TSX 15147.97 50.13
TSX-V 766.94 2.93

Resource Commodities

Name Last Change
Gold 1276.43 5.06
Silver 16.94 0.31
Copper 2.88 0.76%
Platinum 970.50 0.000
Oil 47.55 0.08%
Natural Gas 2.93 0.82%
Uranium 20.75 N/A
Zinc 1.33 0.0215

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