Minera Alamos Inc. Closes Final Tranche of $4 Million Private Placement

http://www.stockhouse.com/news/press-releases/2016/05/16/minera-alamos-inc-closes-final-tranche-of-4-million-private-placement

TORONTO, ONTARIO — (Marketwired) — 05/16/16 — Minera Alamos Inc. (TSX VENTURE:MAI) (“Minera Alamos” or the “Company”) is pleased to announce the closing of the final tranche of the previously announced non-brokered private placement for gross proceeds of $1,980,000. Together with the first two tranches of the private placement closed in May and April, the Company has raised, in aggregate, $4,000,000.

“We are moving forward aggressively on our work at our recently acquired La Fortuna gold project and expect to have permits in hand on both of our Mexican development projects by early next year,” said Chris Frostad, Chief Executive Officer of Minera Alamos Inc. “This financing provides adequate funds to move us beyond a construction decision.”

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