TORONTO, Feb. 7, 2025
/CNW/ - Minera Alamos Inc. (the "Company" or
"Minera Alamos") (TSXV: MAI) announces that
it has filed an early warning report pursuant to the provisions of
Canadian securities legislation (the "Early Warning Report")
in connection with the completion of its previously announced
acquisition of Sabre Gold Mines Corp. ("Sabre") by way of a
plan of arrangement (the "Arrangement"). Minera acquired
110,388,801 common shares of Sabre, being all of their issued and
outstanding common shares of Sabre pursuant to the Arrangement.
Prior to the completion of the Arrangement, Minera did not own
any common shares of Sabre. Accordingly, the acquisition represents
an increase in Minera's beneficial ownership and control of common
shares of Sabre from 0% to 100%.
Pursuant to the Arrangement, each issued and outstanding common
share of Sabre was acquired and exchanged for 0.693 of a
Minera Alamos common share,
resulting in the issuance of 76,499,114 Minera Alamos common shares in the
aggregate.
Minera's and Sabre's head office address is 55 York Street,
Suite 402, Toronto, ON, M5J
1R7. A copy of the Early Warning Report is available on
Sabre's SEDAR+ profile at www.sedarplus.ca and may also be obtained
by contacting Victoria Vargas de
Szarzynski, Minera's VP Investor Relations, at
289-242-3599.
About Minera Alamos Inc.
Minera Alamos is a gold
production and development Company. The Company has a portfolio of
high-quality Mexican assets, including the 100%-owned Santana
open-pit, heap-leach mine in Sonora that is currently going through the
start-up of operations at the new Nicho
Main deposit. The 100%-owned Cerro de Oro oxide gold project in northern
Zacatecas has considerable past
drilling and metallurgical work completed and the proposed mining
project is currently being guided through the permitting process by
the Company's permitting consultants. The La Fortuna open pit gold project in Durango
(100%-owned) has a positive, robust preliminary economic assessment
(PEA) completed, and the main Federal permits are in place.
Minera Alamos is built around its
operating team that together brought three open pit heap leach gold
mines into successful production in Mexico over the last 14 years. Minera Alamos also wholly-owns the Copperstone
mine and associated infrastructure in La Paz Country, Arizona, an advanced development asset with a
permitted plan of operations that can be developed in parallel with
planned project advancements in Mexico.
The Company's strategy is to develop very low capex assets while
expanding the projects' resources and continuing to pursue
complementary strategic acquisitions.
SOURCE Minera Alamos Inc.
