Almaden Minerals Ltd. Announces Closing of Private Placement-Over-Allotment Option
29 Settembre 2010 - 7:11PM
Marketwired
Almaden Minerals Ltd. (TSX: AMM)(NYSE Amex: AAU) (the "Company")
announces that it has closed the Over-allotment Option portion of
the Private Placement which was outlined in a News Release of
September 8, 2010. The Over-allotment Option granted to the Agents,
Industrial Alliance Securities Inc. ("IAS"), Secutor Capital
Management Corp. ("Secutor") and PI Financial Corp. ("Option")
consists of 450,000 Common Shares at a price of $2.50 per Share.
The hold period in Canada on the securities expires on January 29,
2011.
Cash commissions $ totalling $78,750.00 have been paid. The net
proceeds received by the Company from the Option was $
1,046,250.00.
The funds generated from the placement are to be used by the
Company primarily for the continued exploration of the Company's
exploration projects including the Ixtaca Zone, Mexico.
Morgan J. Poliquin, P. Eng., the President and CEO of Almaden,
and a qualified person under the meaning of National Instrument
43-101, reviewed the technical information in this news
release.
On Behalf of the Board of Directors
Duane Poliquin, Chairman 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. Duane Poliquin Chairman and
Director 604-689-7644 604-689-7645 (FAX)
www.almadenminerals.com
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