Alta Vista Ventures Ltd. (TSX-V – AVV) wishes to announce that it is re-pricing its previously announced non-brokered private placement (see news release dated November 6, 2013) from a price of $0.07 per unit to a price of $0.05 per unit. The financing will now consist of up to 4,000,000 units at a price of $0.05 per unit to raise a total of up to $200,000. A unit will consist of one common share and one non-transferable common share purchase warrant valid for two years. Each warrant will entitle the holder to purchase one additional common share at a price of $0.075 for the first year and $0.10 for the second year.
The Company has agreed to pay a commission, upon closing, on portions of the proceeds raised. Proceeds of the placement will be applied to ongoing work programs on the Company’s current portfolio of properties and on general working capital. Completion of the placement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board,
Ian Foreman, P.Geo.
For additional information on Alta Vista Ventures please call the Company at 604-678-2531 .
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements