Business
Alma Gold Closes First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that further to its April 25, 2025, June 9, 2025 and July 2, 2025 news releases, it has closed the first tranche of a non-brokered private placement and issued 10,692,875 units ("Units") at a price of $0.08 per Unit for gross proceeds to the Company of $855,430 (the "Private Placement"). Each Unit is comprised ...
About this update from Alma Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that further to its April 25, 2025, June 9, 2025 and July 2, 2025 news releases, it has closed the first tranche of a non-brokered private placement and issued 10,692,875 units ("Units") at a price of $0.08 per Unit for gross proceeds to the Company of $855,430 (the "Private Placement"). Each Unit is comprised of one common share (each a "Share") and one transferable common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.16 for a period of two (2) years from issuance.","length":752,"tagName":"p"},{"type":"text","content":"Proceeds received from the Private Placement will be used for general working capital purposes.","length":95,"tagName":"p"},{"type":"text","content":"No finder's fees were paid on the Private Placement. All securities issued are subject to a statutory hold period of four months and one day from issuance which will expire on November 4, 2025. The Company anticipates closing a second and final tranche of the Private Placement.","length":282,"tagName":"p"},{"type":"text","content":"Insider Participation: One insider participated in the Private Placement and subscribed for a total of 1,458,375 Units. The participation by such insider is a "related-party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).","length":871,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securi...