BUENOS AIRES, Argentina, June 15, 2018 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. (TSX.V:ABRA) (OTCPK:ABBRF) (Frankfurt:1AH) ("AbraPlata" or the "Company"), a company focused on advancing its Diablillos silver-gold project in Argentina, is pleased to announce that its common shares traded on the OTC Pink Sheets, under the symbol "ABBRF", are now Depository Trust Company ("DTC") eligible .
The DTC, a subsidiary of the Depository Trust & Clearing Corporation, manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.
AbraPlata also announces that Mr. David Doherty has resigned as a Director of the Company, effective on June 14, 2018, due to other time commitments. The Company would like to thank Mr. Doherty for his services and contributions during his tenure.
Concurrent with Mr. Doherty's resignation, the Company is pleased to announce that Mr. Robert Bruggeman has been appointed as a Director of the Company, effective on June 14, 2018. Mr. Bruggeman has over twenty years of experience in corporate development, equity research, and institutional sales & trading. He has a deep understanding of Canadian equity markets, having worked as a sell-side research analyst, the desk analyst on the proprietary trading desk at TD Securities, and running the sales & trading desk at a boutique brokerage firm in Toronto. Mr. Bruggeman currently provides investor relations and corporate development services to junior mining companies, including AbraPlata, through Alpha Advisory Services Inc. Prior to that, he was VP, Corporate Development, for a TSX-listed junior mining company. Mr. Bruggeman is a Professional Engineer (Ontario) and holds the CFA designation.
All scientific and technical information in this news release has been approved by Willem Fuchter, PhD PGeo, President & CEO of AbraPlata Resource Corp and a qualified person as defined by National Instrument 43-101.
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 silver-gold property, with an Indicated Mineral Resource containing 80.9M oz Ag and 732k 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.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
President & Chief Executive Officer
For further information concerning this news release, please contact:
|Willem Fuchter - President & CEO|
|Rob Bruggeman - Investor Relations|
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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.
For further information about AbraPlata and its projects, please visit the Company’s website at www.abraplata.com.