Almaden Minerals Announces Closing of $3.4 Million Non-Brokered Private Placement

VANCOUVER, BC–(Marketwired – February 07, 2017) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (TSX: AMM) (NYSE MKT: AAU) is pleased to announce that it has closed a non-brokered private placement involving the issuance of 2,519,407 units (“Units”) at $1.35 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until August 7, 2019. Fees consisting of $88,630.50 in cash and warrants to purchase 17,911 common shares at a price of $1.35 per common share until August 7, 2019 were paid to arms-length finders on a portion of the placement.

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