Almaden Minerals Ltd. Closes $17.2 Million Bought Deal Private Placement

Jun 01, 2017 (Marketwired via COMTEX) — VANCOUVER, BC–(Marketwired – June 01, 2017) – Almaden Minerals Ltd. (“Almaden” or the “Company”) (AMM) (nyse mkt:AAU) is pleased to announce completion of the previously announced bought deal private placement. The Company issued a total of 9,857,800 units (“Units”) at $1.75 per Unit to raise gross proceeds of $17,251,150 (the “Offering”). The Offering was co-led by Sprott Capital Partners and Cormark Securities Inc. on behalf of a syndicate of underwriters which included PI Financial Corporation and National Bank Financial Inc. (collectively, the “Underwriters”). The Underwriters exercised in full their option to place an additional 1,285,800 Units over and above their commitment to place 8,572,000 Units as announced on May 5, 2017. Coeur Mining, Inc. CDE, +0.86%(“Coeur”) acquired 2,856,000 Units of the Offering.

Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is transferable and entitles the holder to acquire one Common Share until June 1, 2020 at a price of $2.45.

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