Posted On: 01/20/2015 11:19:49 AM
Post# of 72721
BCHS Amalgamated Gold and Silver Announces the Closing
!
Amalgamated Gold and Silver Inc. announces the closing of the acquisition of the mining
rights to the San Antonio de Turiri antimony mine in Potosi Bolivia.
!
For Immediate release January 20, 2015 -- Amalgamated Gold and Silver Inc. (AGS) (trading
Symbol: (BCHS) today announced that they have closed the acquisition of the mining rights on
the San Antonio de Turiri concession in Potosi, Bolivia.
!
The company has issued a demand promissory note for $1,987,500.00 and 99 series D
convertible preferred shares to complete the acquisition. The series D preferred shares carry 4
to 1 voting rights over all other shares and are convertible on a 4:1 basis after one year of the
issuance date. The series D shares carry the following conversion rights;
!
If at least one share of Series D Preferred Stock is issued and outstanding, then the total
aggregate issued shares of Series D Preferred Stock at any given time, regardless of their
number, shall be convertible into the number of shares of Common Stock which equals four
times the sum of: i) the total number of shares of Common Stock which are issued and
outstanding at the time of conversion, plus ii) the total number of shares of Series A and B and
Series C Preferred Stocks which are issued and outstanding at the time of conversion. iii)
divided by the number of Series D outstanding at the time of conversion.
!
The company has received the field report and recommendations for ongoing operations
prepared by Bolivian Geologist, Mr. Hernan Uribe resultant of his site visit.
!
The company is reviewing the report and recommendations for the reopening and production
from the San Antonio de Turiri mine.
!
Further the company announced the appointment of Madjinn Max Taoquil as President and
Director replaceing Abraham Villagran.
!
Amalgamated Gold and Silver Inc.
80 SW 8 Street, Suite 2000
Miami Florida 31330 USA
Email: info@ags-inc.co
The information in this press release constitutes "forward-looking information". Other than
statements of historical fact, all statements are "Forward-Looking StatementsĀ» that involve such
various known and unknown risks, uncertainties and other factors. There can be no assurance
that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place
undue reliance on these "Forward-Looking Statements". Except as otherwise required by
applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
!
Amalgamated Gold and Silver Inc. announces the closing of the acquisition of the mining
rights to the San Antonio de Turiri antimony mine in Potosi Bolivia.
!
For Immediate release January 20, 2015 -- Amalgamated Gold and Silver Inc. (AGS) (trading
Symbol: (BCHS) today announced that they have closed the acquisition of the mining rights on
the San Antonio de Turiri concession in Potosi, Bolivia.
!
The company has issued a demand promissory note for $1,987,500.00 and 99 series D
convertible preferred shares to complete the acquisition. The series D preferred shares carry 4
to 1 voting rights over all other shares and are convertible on a 4:1 basis after one year of the
issuance date. The series D shares carry the following conversion rights;
!
If at least one share of Series D Preferred Stock is issued and outstanding, then the total
aggregate issued shares of Series D Preferred Stock at any given time, regardless of their
number, shall be convertible into the number of shares of Common Stock which equals four
times the sum of: i) the total number of shares of Common Stock which are issued and
outstanding at the time of conversion, plus ii) the total number of shares of Series A and B and
Series C Preferred Stocks which are issued and outstanding at the time of conversion. iii)
divided by the number of Series D outstanding at the time of conversion.
!
The company has received the field report and recommendations for ongoing operations
prepared by Bolivian Geologist, Mr. Hernan Uribe resultant of his site visit.
!
The company is reviewing the report and recommendations for the reopening and production
from the San Antonio de Turiri mine.
!
Further the company announced the appointment of Madjinn Max Taoquil as President and
Director replaceing Abraham Villagran.
!
Amalgamated Gold and Silver Inc.
80 SW 8 Street, Suite 2000
Miami Florida 31330 USA
Email: info@ags-inc.co
The information in this press release constitutes "forward-looking information". Other than
statements of historical fact, all statements are "Forward-Looking StatementsĀ» that involve such
various known and unknown risks, uncertainties and other factors. There can be no assurance
that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place
undue reliance on these "Forward-Looking Statements". Except as otherwise required by
applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
(0)
(0)Scroll down for more posts ā¼
