Almaden Closes $2.6 Million Financing
18 Dicembre 2009 - 7:14PM
Marketwired
Almaden Minerals Ltd. (TSX: AMM)(NYSE Amex: AAU) ("Almaden") has
closed the financing announced in its News release of December 3,
2009.
The non-brokered private placement was completed by the issuance
of 3.06 million units ("Units") at $0.85 per Unit. Each Unit
consists of one common share and a half non-transferable common
share purchase warrant ("Warrant"). Each whole Warrant will allow
the holder to purchase one common share for a period of 24 months
at a price of $1.40 per common share. A finder's fee of $150,450 in
cash and 236,000 Finder's Warrant is payable. The Finder's Warrant
entitles the finder to purchase the same number of Units at $0.85
per Unit, for a period of 24 months.
Almaden will use the funds to strengthen its treasury and for
future prospect generation expenditures, including early stage
exploration on current projects, and for the acquisition of future
projects. The Company has projects in Canada, USA and Mexico that
it is advancing with early stage exploration work. Those projects
that are found to have merit will then be optioned to third parties
for further work.
On Behalf of the Board of Directors
Morgan J. Poliquin, M.Sc., P.Eng., President, CEO 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.
Neither the Toronto Stock Exchange (TSX) nor the NYSE Amex have
reviewed or accepted any 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, CEO and Director 604-689-7644 604-689-7645 (FAX)
www.almadenminerals.com
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