Source: Mining Journal
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  • Minera Alamos has closed its fully subscribed non-brokered private placement offering for gross proceeds of $4,372,500
  • The company issued 7,950,000 common shares for $0.55 per share
  • Net proceeds will be used to advance the Cerro de Oro gold project through permitting and construction
  • Minera Alamos Inc is a gold development company with a portfolio of Mexican assets
  • Minera Alamos Inc. (MAI) opened trading at C$0.46

Minera Alamos has closed its previously announced, fully subscribed non-brokered private placement offering for gross proceeds of $4,372,500.

The company issued 7,950,000 common shares for $0.55 per share.

Net proceeds will be used to advance the Cerro de Oro gold project through permitting and to plan for long-lead time orders of equipment and supplies that will be used in its construction.

All securities issued are subject to a four-month hold period. The offering is subject to the final acceptance of the TSX Venture Exchange.

Minera Alamos Inc is a gold development company with a portfolio of Mexican assets, including the 100 per cent-owned Santana open-pit project in Sonora currently under construction. The La Fortuna open pit gold project in Durango is nearing the end of the permitting process. 

Minera Alamos Inc. (MAI) opened trading at C$0.46.

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