Almaden Minerals Ltd. Annouces Closing of $5.47 Million Non-Brokered Private Placement
18 Luglio 2013 - 12:53AM
Marketwired
Almaden Minerals Ltd. ("Almaden" or the "Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce that it has closed a non-brokered
private placement by the issuance of 4,376,000 units ("Units") at
$1.25 per Unit to a small group of Mexican and Mexican focussed
strategic investors. Each Unit consists of one common share and one
non-transferable common share purchase warrant ("Warrant"). Each
Warrant allows the holder to purchase one common share at a price
of $1.50 per common share until January 17, 2015 and, thereafter,
at a price of $1.80 per common share until July 17, 2016. A
finder's fee of $232,500 in cash and finder's warrants to purchase
up to 186,000 common shares at a price of $1.50 per common share
until July 17, 2016 was paid on a portion of the placement.
Morgan J. Poliquin, President and CEO of Almaden noted that "We
were approached by a small group of strategic investors some of
whom are already long term shareholders of the Company. This group
of people are focussed on Mexico and are excited about the
potential of our Ixtaca gold-silver project and the prospect
generation process that Almaden follows. We are convinced that
these investors will provide important support for the Company in
developing this exciting Mexican asset. Most importantly this
financing allows us to confidently continue our Ixtaca exploration
and development program, which the Company had previously
considered modifying in the context of the present very challenging
financial marketplace. We are pleased to be able to continue our
exploration efforts at a conservative and prudent pace."
Duane Poliquin, Chairman of the Board of the Company, as to
40,000 Units, Gerald Carlson, a Director of the Company, as to
16,000 Units, and Mark Brown, a Director of the Company, as to
20,000 Units through his private company, Pacific Opportunity
Capital Ltd., acquired Units under the private placement. Such
participation in the private placement is considered to be a
"related party transaction" as defined under Multilateral
Instrument 61-101 ("MI 61-101"). The transaction is exempt from the
formal valuation and minority shareholder approval requirements of
MI 61-101 as neither the fair market value of the Units issued to,
nor the consideration paid by, such persons exceeds 25% of the
Company's market capitalization.
Following completion of this private placement, Almaden has
approximately $16.9 million in cash. In addition, Almaden has
equity holdings valued at approximately $5.4 million and 1,597
ounces of physical gold in inventory currently valued at
approximately $2.1 million. Almaden intends to use the funds to
advance its Ixtaca gold-silver deposit towards the completion of
advanced engineering studies and for general working capital.
About Almaden
Almaden is a well-financed mineral exploration company working
in North America. The Company has assembled mineral exploration
projects, including the Ixtaca Zone and the Tuligtic project,
through its grass roots exploration efforts. Almaden's business
model is to provide shareholders with opportunities of capital gain
by using its technical expertise to find, acquire and develop
early-stage mineral properties. The company intends to expand this
business model, described by some as prospect generation, by more
aggressively exploring several of its projects including the Ixtaca
Zone.
On Behalf of the Board of Directors
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and
Director
Almaden Minerals Ltd.
Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have
reviewed or accepted responsibility for the adequacy or accuracy of
the contents of this news release which has been prepared by
management. Except for the statements of historical fact contained
herein, certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
laws. Such forward-looking statements, including but not limited
to, those with respect to the intended use of proceeds and
continuation of the exploration and development program involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievement of Almaden to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to
international operations and joint ventures, the actual results of
current exploration activities, conclusions of economic
evaluations, uncertainty in the estimation of mineral resources,
changes in project parameters as plans continue to be refined,
environmental risks and hazards, increased infrastructure and/or
operating costs, labour and employment matters, and government
regulation and permitting requirements as well as those factors
discussed in the section entitled "Risk Factors" in Almaden's
Annual Information form and Almaden's latest Form 20-F on file with
the United States Securities and Exchange Commission in Washington,
D.C. Although Almaden has attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements. Almaden disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, other than as required
pursuant to applicable securities laws. Accordingly, readers should
not place undue reliance on forward-looking statements.
THIS NEWS RELEASE IS A MATTER OF RECORD ONLY, AND DOES NOT
CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE
OFFERING IN QUESTION WAS NOT REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS,
AND THE SECURITIES SOLD IN SUCH OFFERING MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR
APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
Contacts: Almaden Minerals Ltd. Morgan J. Poliquin, Ph.D.,
P.Eng. President, CEO and Director 604-689-7644 604-689-7645 (FAX)
www.almadenminerals.com
Grafico Azioni Almaden Minerals (TSX:AMM)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Almaden Minerals (TSX:AMM)
Storico
Da Giu 2023 a Giu 2024