Business
Minera Alamos Inc. Announces Brokered Private Placement
TORONTO, ON / ACCESSWIRE / February 16, 2016 / Minera Alamos Inc. (TSXV: MAI) (the " Company...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Minera Alamos Inc. Announces Brokered Private PlacementTORONTO, ON / ACCESSWIRE / February 16, 2016 / Minera Alamos Inc. (TSXV: MAI) (the \"Company\" or \"Minera Alamos\") announced today that it has engaged IBK Capital Corp. (the \"Agent\") to conduct a brokered private placement of up to 30,000,000 units (the \"Units\") at $0.10 per Unit for gross proceeds of up to $3,000,000 (the \"Offering\"). Each Unit consists of one common share in the capital of the Company and one half (1/2) of common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.15 per share for a period of 3 years from the date of issuance. The Offering may be closed in one or more tranches and is subject to requisite approval from the TSX Venture Exchange (the \"Exchange\"). \nUpon closing of the Offering, the Agent will receive a cash commission equal to 8% of the gross proceeds of the Offering. The Agent will also receive an option to acquire such number of Units of the Company as is equal to 8% of the Units sold under the Offering at an exercise price of $10 per Unit for a period of 3 years from the closing date. \nIn accordance with applicable securities legislation, all securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the closing date of the Offering. The proceeds of the Offering will be used by the Company to fund a portion of the purchase price for its proposed acquisition of the La Fortuna project, the development of its Los Verdes project and the La Fortuna project upon completion of its acquisition and for working capital purposes. \nThe securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the benefit of U.S. persons except in certain transactions exempt from the registration requirements of such Act. This news release shall not constitute an offer to sell nor the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.\nAbout Minera Alamos\nMinera Alamos is a junior exploration and development company. Its flagship project is the Los Verdes open pit copper-molybdenum project in Sonora, Mexic...