Antioquia Gold Inc.
TSX VENTURE : AGD
OTCQX : AGDXF

Antioquia Gold Inc.

June 18, 2015 16:06 ET

Infinita Prosperidad Minera S.A.C. Exercises Warrants of Antioquia Gold Inc.

LIMA, PERU--(Marketwired - June 18, 2015) - Infinita Prosperidad Minera S.A.C., formerly Desafio Minero S.A.C. ("Infinita") has acquired, by the exercise of 14,000,000 warrants of Antioquia Gold Inc. (TSX VENTURE:AGD)(OTCQX:AGDXF) ("Antioquia") at an exercise price of $0.05 per warrant, 14,000,000 common shares ("Common Shares") of Antioquia (the "Transaction"). The Common Shares acquired pursuant to the Transaction represent approximately 7.0% of the issued and outstanding Common Shares of Antioquia. The Common Shares were issued from Antioquia's treasury.

Upon completion of the Transaction, Infinita, has beneficial ownership of, and control and direction over, directly or indirectly 121,868,346 Common Shares, or approximately 57.26% of the Common Shares outstanding at such time.

For purposes of calculating percentages of Common Shares beneficially owned or over which control or direction is exercised, directly or indirectly, Infinita has assumed that there are 212,820,422 Common Shares outstanding as of the date hereof after giving effect to the Transaction.

Other Information

Infinita acquired beneficial ownership, and control or direction, directly or indirectly, of the Common Shares that are the subject of this press release for investment purposes.

Infinita intends to review its investment in Antioquia on a continuing basis. Depending on various factors including, without limitation, Antioquia's financial position, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, Infinita's business or financial condition and other factors and conditions Infinitia deems appropriate, Infinita may in the future take such actions with respect to its investment in Antioquia as Infinita deems appropriate including, without limitation, making proposals to Antioquia concerning changes to the capitalization, board of directors, ownership structure or operations of Antioquia, acquiring Common Shares or selling or otherwise disposing of some or all of the Common Shares held by either of them. In addition, Infinita may formulate other purposes, plans or proposals regarding Antioquia or any of Antioquia's securities to the extent deemed advisable in light of general investment and trading policies, market conditions or other factors or may change its intention with respect to any and all matters referred to above. Infinita is currently entitled to nominate three directors to the Board of Directors of Antioquia.

Neither the issuance of this news release in connection with the matters disclosed herein nor the filing by Infinita of the report in accordance with applicable Canadian securities laws is an admission that an individual or entity named or otherwise referred to in this news release owns or controls any described securities or is a joint actor with another entity named or otherwise referred to in this news release.

Infinita's address is set out below. For further information, including to obtain a copy of the report filed by Infinita in accordance with applicable Canadian securities laws, contact Infinita at the address specified below or its Canadian counsel at the number specified below.

Contact Information

  • Infinita Prosperidad Minera S.A.C.
    Avenida Javier Prado Este No. 3580
    San Borja, Lima 41, Peru
    Attn: Ernesto Bendezu
    Tel: +51 (1) 618-1004

    Or contact Infinita Canadian counsel at:
    Tel: +1 (416) 865-4404