Almaden Minerals Ltd. Announces Closing of Private Placement
31 Marzo 2009 - 11:25PM
Marketwired
Almaden Minerals Ltd. (the "Company") (TSX: AMM)(NYSE Alternext US:
AAU)(NYSE Amex: AAU.A) announces that it has closed a Private
Placement of 226,316 Units at a price of $0.95 per Unit. Each Unit
consists of one flow-through common share and one half of a
non-flow-through common share purchase warrant with each whole
warrant entitling the holder to purchase one additional
non-flow-through common share at a price of $1.15 per share for a
period of 1 year from the Closing.
A commission of 3.5% is payable to National Bank Financial Ltd.
for 200,000 of the total Units realized from the placement, by way
of 7,000 non-flow-through shares.
The Placement closed March 31, 2009.
The funds generated from the placement are to be used by the
Company to fund its portion of the proposed continued exploration
of the ATW diamond exploration project.
On Behalf of the Board of Directors
Morgan J. Poliquin, M.Sc., P.Eng., President, COO and
Director
Almaden Minerals Ltd.
Statements contained in this news release that are not
historical facts are forward looking statements as that term is
defined in the private securities litigation reform act of 1995.
Such forward -looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filing with the Securities and Exchange
Commission.
The Toronto Stock Exchange and NYSE AMEX have not reviewed nor
accepted responsibility for the adequacy or accuracy of the
contents of this news release which has been prepared by
management.
Contacts: Almaden Minerals Ltd. Morgan J. Poliquin, M.Sc.,
P.Eng. President, COO and Director (604) 689-7644 (604) 689-7645
(FAX) Website: www.almadenminerals.com
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