Almaden Announces Warrant Exercise Generating Proceeds of $6.9 Million

VANCOUVER, BC–(Marketwired – July 19, 2016) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT:AAU) is pleased to report that a total of $6,914,080 has been raised through the exercise of 4,376,000 warrants with an exercise price of $1.58 and expiry date of July 17, 2016. Almaden currently has a cash treasury of approximately $13.8 million, and a total of 85,968,494 common shares outstanding.

J. Duane Poliquin, chairman of Almaden commented: “We are gratified by the continued support of our shareholders. With this improved treasury, Almaden is well positioned to rapidly advance the pre-feasibility program, as we move Ixtaca towards a production decision, and continue the exploration drilling program which will be testing both regional and near resource targets.”

Leave a Reply