Minera Alamos Inc. Raises Ceiling for Ongoing Private Placement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1547-tsx-venture/mai/18961-minera-alamos-inc-raises-ceiling-for-ongoing-private-placement.html

TORONTO, ONTARIO–(Marketwired – April 25, 2016) – Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) announced its intention to raise the ceiling for the private placement previously announced on February 16, 2016 (the “Offering“) from $3 million to $4 million.

Up to 40,000,000 Units are issuable pursuant to the Offering at a price of $0.10 per Unit. 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. IBK Capital Corp. (the “Agent“) has been engaged by the Company to facilitate the Offering. Upon 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 $0.10 per Unit for a period of 3 years from the date of issuance.

 

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