VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX VENTURE:LA) is pleased to announce that it has received $1,950,000 upon the exercise of 13,000,000 stock purchase warrants (the "Warrants") of the Company. Turnbrook Corporation ("Turnbrook") exercised the Warrants at a price of $0.15 each, which were exercisable on or before December 21, 2013. The Warrants were granted to Turnbrook in accordance with the terms of the transaction originally announced in the Company's press release of December 21, 2010. Turnbrook now holds 50,786,039 common shares in the capital stock of Los Andes.
The proceeds received by Los Andes on the exercise of the Warrants will be used to fund exploration and development work on the Company's Vizcachitas project, and for general working capital purposes. Los Andes currently has a total of 162,932,599 common shares issued and outstanding.
For more information please visit our website at: www.losandescopper.com
This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.