News

 

2017

Monday June 12, 2017
Minera Alamos Announces Increase to Previously Announced Brokered Private Placement Financing

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Minera Alamos Inc. (TSX VENTURE:MAI) (the "Company" or "Minera Alamos") is pleased to announce that as a result of positive institutional and retail demand for its previously announced best-efforts brokered private placement offering, the Company has amended the terms to increase the size of the offering to $4,500,000 (the "Upsized Offering").

Under the terms of the Upsized Offering, the Company has entered into an amended agreement with Haywood Securities Inc., as lead agent on behalf of a syndicate of agents (collectively, the "Agents"), pursuant to which the Agents have agreed to sell, on a best-efforts private placement basis, up to 30,000,000 common shares of the Company (the "Common Shares") at a price of $0.15 per Common Share (the "Issue Price"), for gross proceeds to the Company of $4,500,000. Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Upsized Offering, to sell up to an additional 20% of the Upsized Offering in Common Shares at the Issue Price.

The proceeds from the Upsized Offering will be used for the development of La Fortuna and for working capital and general corporate purposes.

The Upsized Offering is expected to close on or about June 29, 2017 and is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Common Shares issued in the Upsized Offering will be subject to a four month hold in accordance with Canadian securities laws. 

About Minera Alamos

Minera Alamos is a junior exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Los Verdes open pit copper-molybdenum project in Sonora.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CONTACT INFORMATION:

Darren Koningen, President and CEO
416 306 0990 ext 201                                    

Patrick Piette, Investor Relations
416 306 0990 ext 203

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.