Business
Albert Mining Inc. Announces the Closing of the 1st Tranche of Its non brokered Private Placement
(via TheNewswire) NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION T...
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[{"type":"text","content":"Albert Mining Inc. Announces the Closing of the 1st Tranche of Its non brokered Private Placement(via TheNewswire)\n \n \n\n\n\n \nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN\n\n\n \nOttawa, Ontario / The Newswire / December 27, 2017 - Albert Mining Inc. (\"Albert\" or \"Corporation\") (TSX-V: AIIM) announces the closing of the first tranche of its non-brokered private placement by issuing 4,714,286 flow-through common shares at a price of $0.07 per share for gross proceeds of $330,000.\n\n\n \nIn connection with the 1st tranche of the private placement, the Corporation is paying a finder's fee of $13,720 and issuing 196,000 finder's warrants. Each finder's warrant entitles the holder to purchase one additional common share in the capital of the Corporation at a price of $0.065 per common share for a period of twenty-four (24) months expiring December 27, 2019.\n\n\n \nInsiders of the Corporation have participated in the private placement by purchasing collectively 1.1 million flow-through common shares.\n\n\n \nAll securities issued in the private placement are subject to a four-month hold period and to all necessary regulatory approvals, including the approval of the Exchange.\n\n\n \nThe proceeds of the financing will be used for exploration. \n\n\n \nAbout Albert Mining Inc.\n\n\n \nAlbert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.'s mining division, including the Computer Aided Resources Detection System (\"CARDS\"). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.\n\n\n \nFor further information, please contact:\n\n\n \nMichel Fontaine\n\n\n \nPresident and CEO of Albert Mining Inc.\n\n\n \nTelephone: 514-994-5843\n\n\n \nFax: 613-422-0773\n\n\n \nEmail: [email protected]\n\n\n \nWebsite: www.albertmining.com\n\n\n \n\nAdditional information about the Company is available under Albert's profile on SEDAR at www.sedar.com.\n\n\n \nNeither the TSX Venture Ex...