Vancouver, BC / November 15, 2017 / JMN Wire / Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), (“Altamira” or the “Company”) announces that it proposes to raise up to $2,000,000 through a non-brokered private placement of up to 10,000,000 units (“Units”) at a price of $0.20 per Unit. Each Unit is comprised of one common share and one non-transferable share purchase warrant exercisable at $0.33 per warrant share for a period of five years from the issue date.
All the securities will be subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSX Venture Exchange. Equitas intends to use the net proceeds for its exploration program on the Company's mineral properties in Brazil, and for general working capital purposes.
