Acero-Martin Exploration Inc. (TSX VENTURE:ASD)(FRANKFURT:AMX) ("Acero-Martin"
or the "Company") announces that it intends to complete a non-brokered private
placement to raise up to $2 million dollars by the issuance of up to 26,666,667
units priced at 7.5 cents per unit.


Each unit will consist of one common share of the Company ("Share") and one-half
of one share purchase warrant ("Warrant"). Each whole Warrant will entitle the
holder to purchase one Share of the Company a price of 9 cents per share for a
period of one year.


Shares issued pursuant to the private placement, as well as any Shares issued
pursuant to the exercise of the Warrants, are subject to a four-month hold
period from the date of closing. The private placement is subject to the
approval of the TSX Venture Exchange. Finder's fees may be paid in accordance
with regulatory policy.


Proceeds from the private placement will be used to fund the continued
exploration and development of the Pinaya gold-copper project in southern Peru,
and for general working capital purposes.


About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is a resource company focused on creating
shareholder value by exploring for precious and base metals, with the immediate
goal of defining a major deposit at its 100 percent owned Pinaya Project located
in Peru. The Pinaya Project has an initial NI 43-101 compliant indicated
resource of 29.13 million tonnes grading 0.53 g/t Au and 0.42% Cu (498,000 oz Au
and 269 million lbs Cu) and an inferred resource of 12.72 million tonnes grading
0.41 g/t Au and 0.41% Cu (168,000 oz Au and 115 million lbs Cu). Subsequent to
this estimate, Acero-Martin has continued to define the deposit by drilling an
additional 90 holes bringing the project totals to more than 45,000 meters and
160 holes.


ON BEHALF OF THE BOARD OF DIRECTORS

Stewart Jackson, PhD, P. Geol., President and CEO

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the Company by Dr. Stewart Jackson, P.Geol., President
and CEO of Acero-Martin, and a qualified person.


This news release has been prepared by management. 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 achievements implied by these forward looking
statements. We seek safe harbor.


Acero-Martin Exploration (TSXV:ASD)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Acero-Martin Exploration Charts.
Acero-Martin Exploration (TSXV:ASD)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Acero-Martin Exploration Charts.