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

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/825-tsx/amm/29083-almaden-minerals-announces-closing-of-3-4-million-non-brokered-private-placement.html

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s