Business
Common Shares of Alliance Mining Corp. (“Alliance”)
Common Shares of Alliance Mining Corp. (Alliance)
About this update from Alliance Mining Corp.
[{"type":"text","content":"\nCommon Shares of Alliance Mining Corp. (“Alliance”)\n\n\n May 27, 2009 (TheNewswire.ca) -- May 27, 2009Jan C. Ross (the \"Offeror\") announces that, pursuant to a non-brokered private placement, he acquired ownership of an additional 160,000 units (the \"Units\") of Alliance Mining Corp. (OOTC:ANMNF) (CNQ:ALM) (the \"Issuer\") on May 27, 2009 at a price of $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant. Each warrant entitles the Offeror to purchase an additional common share of the Issuer at a price of $0.08 per share on or before May 27, 2011. These Units are owned indirectly through the Offeror's wholly owned company, 0740887 BC Ltd.Prior to this transaction, the Offeror owned or controlled an aggregate of 2,522,500 common shares, 265,000 share purchase warrants and 300,000 stock options in the capital of the Issuer, representing 22.43% of the issued and outstanding shares of the Issuer, or 19.14% assuming exercise of the share purchase warrants and stock options. Of the shares, warrants and options, the Offeror owned, directly, 2,081,000 common shares, 165,000 share purchase warrants and 300,000 stock options. Gabriella Cole, the Offeror's spouse, owned 441,500 common shares and 100,000 share purchase warrants. The Offeror maintains control over these shares and warrants.After completion of the private placement, the Offeror owns or controls an aggregate of 2,682,500 common shares, 425,000 share purchase warrants and 300,000 stock options in the capital of the Issuer, representing approximately 21.21% of the issued and outstanding shares of the Issuer, or 17.88% assuming exercise of the share purchase warrants and stock options.The Offeror acquired these securities for investment purposes. The Offeror may acquire additional securities or dispose of his existing securities on the basis of his assessment of market conditions and in compliance with all applicable securities regulatory requirements.\"Jan C. Ross\" Jan C. RossTo review the report associated with this news release, please go to the Alliance profile on the SEDAR website www.sedar.com. or by email: [email protected] or by mail from the Alliance office at Box 3253, Kamloops, B.C. V2C 6B8.NO REGULATORY AUTHORITY HAS REVIEWED NOR DOES ANY REGULATORY AUTHORITY ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF TH...