Minera Alamos Announces Closing of $5.4 Million Private Placement Financing

http://www.mineraalamos.com/news/?id=514

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce it has closed the previously announced private placement consisting of  36,000,000 common shares of the Company (the “Common Shares”) at a price of $0.15 per Common Share for aggregate gross proceeds of $5,400,000 (the “Offering”), including the exercise in full of the Agents’ option.

“Close to a month ago, we made a transformative decision to enter into a strategic partnership with Osisko Gold Royalties.” said Darren Koningen, President and CEO of Minera Alamos.  “The goals of the new collaboration were to fast-track the path to production at the La Fortuna gold project and quickly expand our presence in Mexico organically and through additional acquisitions. We are extremely pleased to see our growth ambitions validated by the strong level of interest we received for this financing and look forward to providing further updates on our continued progress in the coming weeks”.

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