Michael Bennett, President & CEO of Altamira Gold commented "We are extremely pleased to welcome Crescat, an award-winning global macro asset management firm, as a significant shareholder of the Company as we continue to unlock the mineral potential of the Alta Floresta belt. The confidence Crescat and its world-renowned technical advisor, Dr. Quinton Hennigh, have shown in Altamira is a vindication of our belief that the belt has world-class potential. This financing will allow us to advance exploration at our three most prospective projects which cover 162,206 hectares of this prolific gold belt."
Dr. Quinton Hennigh, geologic advisor to Crescat, commented "Altamira have three high-quality near-drill ready gold projects in the Alta Floresta belt, Mato Grosso state, Brazil. These include: 1) a robust Au soil anomaly at the Maria Bonita target, part of the Cajueiro project, 2) the intriguing large intrusive gold system at Apiacas, and 3) the recently discovered high-grade vein system at Santa Helena. Usually we invest in companies with just one good project, but in this case, and with the commitment from Altamira management to drill test all three of these virgin targets over the coming year, we see a compelling case for significant discovery."
Kevin Smith, Founder & CIO of Crescat Capital LLC, commented "When Quinton gets excited we get excited. That is the case here. Altamira is clearly onto an abundance of rich drill targets. We are eager to help fund the exploration and discovery effort."
On closing of the Offering, the Company and Crescat entered into an participation rights agreement pursuant to which Crescat will be granted certain rights to maintain its percentage holdings of Shares in the Company through participation in future financings.