Altiplano extends private placement to Dec. 9

Executive Summary

• Altiplano Metals Inc. applied to the TSX Venture Exchange for a four‑week extension of price protection on its non‑brokered private placement, now extending to Dec 9 2025.
• The offering targets up to 30 million units at $0.05 per unit, potentially raising $1.5 million in gross proceeds.
• Net proceeds are earmarked for exploration and development of the company’s projects and general working capital; each unit includes a common share and a half‑share purchase warrant exercisable at $0.075 per share for two years.

Key Details

• Extension Request: Four‑week extension of price protection to Dec 9 2025, pending TSX Venture Exchange approval.
• Offering Size: Up to 30 million units at $0.05 per unit (maximum gross proceeds $1.5 million).
• Unit Composition: 1 common share + ½ non‑transferable share purchase warrant.
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.075 per share, exercisable for two years from the closing date.
• Conditions: Subject to receipt of all necessary approvals (including TSX Venture Exchange), and a hold period of four months and one day after closing for all securities issued.
• Use of Proceeds: Finance exploration and development of Altiplano’s projects; provide general working capital.
• Finder’s Fees: May be paid to arm’s‑length finders in accordance with TSX Venture Exchange policies and applicable law.

Notable Quotes

(No direct quotes were provided in the release.)