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Almaden Minerals Announces re-pricing of proposed non-brokered private placement
VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) today announced
About this update from Almaden Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) today announced that it has amended its private placement originally announced on March 10, 2020 (the \"Offering\") in order to reflect current market conditions. The amended terms of the offering are as follows: the purchase price of the Units of the Offering has been reduced from $0.41 to $0.37 per Unit. the exercise price of each share purchase Warrant has been reduced from $0.65 to $0.50. The size of the Offering has been increased from up to 4,900,000 Units to up to 5,400,000 Units, which may be increased. All other material terms of the previously announced Offering remain the same. Closing of the Offering is anticipated to be on or about March 26, 2020 (the “Closing Date”) and is subject to receipt of applicable regulatory approvals including approval of the TSX and NYSE American exchanges. The securities issued will be subject to a standard four month hold period in Canada. About AlmadenAlmaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was discovered by Almaden in 2010. On Behalf of the Board of Directors “Morgan Poliquin” Morgan J. Poliquin, Ph.D., P.Eng.President, CEO and DirectorAlmaden Minerals Ltd. THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING IN QUESTION HAS NOT BEEN 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. Forward Looking Statements Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 ...