Business
Albert Mining Inc. Announces the Closing of the 2nd Tranche of its Non-Brokered Private Placement
(via TheNewswire) Ottawa, Ontario / The Newswire / January 19, 2018 - Albert Mining In...
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[{"type":"text","content":"Albert Mining Inc. Announces the Closing of the 2nd Tranche of its Non-Brokered Private Placement(via TheNewswire)\n \n \nOttawa, Ontario / The Newswire / January 19, 2018 - Albert Mining Inc. (\"Albert\" or \"Corporation\") (TSX-V: AIIM) , an exploration mining company and a leader in the use of artificial intelligence and advanced knowledge-extraction techniques in the mining sector, is pleased to announce the closing of the second tranche of its non-brokered private placement of 10 million units at $0.05 per unit comprised of one common share and one common share purchase warrant (the \"Warrant\"). Each Warrant entitles the holder thereof to acquire one additional common share in the capital of the Corporation at a price of $0.07 per common share for a period of twenty-four (24) months following the closing of the Offering for gross proceeds of $500,000.\n\n\n \nIn connection with the 2nd tranche of the private placement, the Corporation is paying a finder's fee of $2,100 and issuing 42,000 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 January 19, 2020.\n\n\n \nAn insider of the Corporation has participated in the 2nd tranche of the private placement by purchasing 2.4 million units.\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 and working capital. \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 \nTelepho...