TORONTO, ONTARIO–(Marketwired – April 19, 2016) – Minera Alamos Inc. (TSX VENTURE:MAI) (“Minera Alamos” or the “Company“) is pleased to announce the receipt of subscriptions for $2,020,000 of the previously announced financing required to complete its acquisition of the La Fortuna Gold Project (the “La Fortuna Acquisition“, see the Company’s press release dated January 18, 2016).
“The closing of this first tranche of the financing allows for the Company to complete the La Fortuna Acquisition and immediately proceed with the final stages of project development”, said Chris Frostad, Chief Executive Officer of Minera Alamos. “Due to the project’s advanced stage, we can now rapidly complete the Feasibility Study that will form the basis of a construction decision.”