(TheNewswire)
Toronto - TheNewswire - May 02, 2022 - AbraSilver Resource Corp.(TSXV:ABRA ) ( OTC:ABBRF) ("AbraSilver" or the“Company”) is pleased to announcethat it has engaged Synergy Resource Capital (“Synergy”), aSydney, Australia based investor relations firm, to provide marketawareness and investor relations services to the Company, subject toacceptance by the TSX Venture Exchange ("TSX-V"). PaolaRojas is the principal of Synergy Resource Capital and will beresponsible for all activities related to AbraSilver.
Synergy Resource Capital is a leading investment andcorporate advisory firm focused on emerging resource and technologyopportunities with untapped upside potential. Synergy has a globalreach, with allies locally and throughout the Americas and willincrease awareness about AbraSilver through its establishedrelationships with investment professionals, investment advisors, andmoney managers. This will allow the Company to maintain an informedinvestor audience in both North and South America and build awarenessin the Asian and Australian markets.
Synergy has been engaged at a rate of US$4,000 permonth for an initial term of six months starting from May 02, 2022.After the initial term, the agreement will terminate unless otherwiseextended by both parties. AbraSilver has also agreed to a one-timegrant of 200,000 incentive stock options (the "Options")exercisable at a price of C$0.45 per share for a period of threeyears. The Options will be subject to the terms of the Company's stockoption plan and will vest in accordance with the provisions thereinand the policies of the TSX-V.
Synergy currently has no direct or indirect interest inthe securities of AbraSilver, or any right or intent to acquire suchan interest except pursuant to the exercise of the above referencedOptions.
The appointment of Synergy Resource Capital as aninvestor relations consultant of AbraSilver and the granting of theOptions remain subject to regulatory acceptance of applicable filingswith the TSX-V.
About AbraSilver
AbraSilver is a well-funded silver-gold focusedadvanced-stage exploration company. The Company is rapidly advancingits 100%-owned Diablillos silver-gold project in the mining-friendlySalta province of Argentina, which has a current Measured andIndicated Mineral Resource of over 90 million ounces of silver and 1.0million ounces of gold. The updated PEA study completed in November2021 demonstrates that Diablillos has the potential to be a highlyeconomic project. The Company is led by an experienced management teamand has long-term supportive shareholders including Mr. Eric Sprott. In addition, AbraSilver owns a portfolio of earlier-stagecopper-gold projects including the La Coipita copper-gold project inthe San Juan province of Argentina. AbraSilver is listed on the TSX-Vunder the symbol “ABRA” and in the U.S. under the symbol“ABBRF”.
For further information please visit the AbraSilverResource website at www.abrasilver.com , our LinkedInpage at , andfollow us on Twitter at
Alternatively please contact:
John Miniotis, President and CEO
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain"forward-looking statements" under applicable Canadiansecurities legislation. Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking statements. All statements that address futureplans, activities, events or developments that the Company believes,expects or anticipates will or may occur are forward-lookinginformation. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially 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 reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.
The Diablillos resource estimate and supportingtechnical report are N.I. 43-101 compliant. Full details of theMineral Resources are available in a Company news release datedSeptember 15, 2021. For additional informationplease see the Technical Report on the Diablillos Project, SaltaProvince, Argentina, dated October 28, 2021, completed by Mining Plus,and available on www.SEDAR.com.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release
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