The above media statement and accompanying material for media use are issued by
NEWS RELEASE
C2-202, Level 2, Office Block C, La Croisette, Grand Baie, 30517, Mauritius
For more media information or
interview requests, please contact the Stone team
on [email protected] or +2711 4470168
The above media statement and accompanying material for media use are issued by
ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR
DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES,
AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH IT
WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.
ALPHAMIN RESOURCES CORP. ANNOUNCES CLOSING OF C$28.9 MILLION EQUITY FINANCING
MAURITIUS – July 19, 2017 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin”, or the “Company”) is
pleased to announce that it has raised gross proceeds of approximately C$28.9 million by issuing a total of
82,514,134 units (each a “Unit”) at a price of C$0.35 per Unit (the “Issue Price”) through the closing of its
previously announced offering of Units (the “Offering”). The Offering comprised a private placement of
33,776,685 Units for gross aggregate proceeds of C$11.8 million (the “Private Placement”), a concurrent non-
brokered private placement of 37,380,306 Units for gross aggregate proceeds of approximately C$13.1 million
(the “Non-Brokered Private Placement”), and the conversion of an existing US$3 million bridge loan provided
in advance of the Offering into 11,357,143 Units at a deemed exchange rate of USD1:CAD1.325. The Private
Placement was led by Sprott Capital Partners and Tamesis Partners LLP .
Each Unit comprises one common share of the Company (a “Common Share”) and half of one Common Share
purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant is exercisable to
acquire one Common Share (a “Warrant Share”) for a period of 36 months following the closing date of the
Offering at an exercise price of C$0.4375 per Warrant Share, subject to adjustment in certain events. The expiry
date of the Warrants may be accelerated by the Company at any time following the 12 month anniversary of the
closing date of the Offering if the volume-weighted average trading price of the Common Shares is greater than
C$0.73 for any 15 consecutive trading days, at which time the Company may accelerate the expiry date of the
Warrants by issuing a press release announcing the reduced warrant term whereupon the Warrants will expire
on the 15th calendar day after the date of such press release.
The net proceeds of the Offering will be applied towards the equity requirement for the continued development of
the Company’s Bisie Tin Project and for general corporate purposes, including meeting the Company’s funding
requirements through to the expected completion of the US$80 million debt funding for Bisie, for which non-
binding term sheets have been executed and due diligence is progressing (see announcement May 16, 2017).
The Non-Brokered Private Placement includes a subscription for 36,643,849 Units at the Issue Price by the
Company’s major shareholder, Tremont Master Holdings Limited and a subscription for 368,228 Units at the
Issue Price by the Company’s Chief Executive Officer, Boris Kamstra.
The securities issued pursuant to the Offering are subject to a minimum hold period of four months and one day.
The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933
Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or
benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act
and applicable state securities laws, or an exemption from such registration requirements is available.
The above media statement and accompanying material for media use are issued by
ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
FOR MORE INFORMATION, PLEASE CONTACT:
Boris Kamstra
Chief Executive Officer
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: [email protected]
Grand Baie, Mauritius
Or
Richard Robinson
Directeur Général/Managing Director
Alphamin Bisie Mining SA
Tel : +243816065577
E-mail: [email protected]
Logu au croisement de la Nationale N°3 et de la route menant à Bisie
Walikale, Nord – Kivu
République Démocratique du Congo
MORE INFORMATION ON ALPHAMIN RESOURCES CORP.:
Alphamin is a tin exploration and development company with the vision to be respected in the international tin
sector by unleashing the full profit and potential of its world-class tin asset in North Kivu, DRC currently under
development.
Alphamin has the vision to become a premier tin producer by:
• Leading a world-class, profitable mining company in North Kivu, delivering results for the benefit of all
stakeholders and viewed with respect by the communities and Government.
• Becoming a profitable tin producer, while continuing with exploration to increase life of mine. ABM intends to
operate a profitable tin mine in a safe environment while uplifting the local community. Alphamin is striving to
develop the first, low-cost per tonne tin, industrial mine in North Kivu, while at the same time making a
marked, positive impact on the communities surrounding the mine. We intend to be a tin mining company
that excels at the production of tin and provides leadership for the region in terms of safety, health,
environment and community development.
• Delivering on the commitment to develop the first large, industrial tin mine in North Kivu - giving Alphamin
credibility locally and abroad – and becoming a business transformation reference in the tin mining industry.
• Creating value for both shareholders and the community.
• Committing, from the date of production, to spend 4% of its in-country operating and administrative
expenses on community development. This investment will be governed with representative input from local
communities and managed by the Lowa Alliance, a GDRC-regulated not-for-profit foundation. Alphamin will
continue to preserve its legal rights to develop Bisie and explore ways to assist artisanal miners to transition
from illegal to legal status, conflict-free sites elsewhere in the region.
• Implementing community projects, supported by the Lowa Alliance, being selected following an in-depth
survey of the 13 500 households (approximately 70 000 residents) across the 44 communities closest to
Bisie. Representative committees have prioritised a range of projects to promote social and economic
development to which they, local authorities and potentially external donors, will also contribute. These
projects would provide incentives for income beyond illegal artisanal mining while also providing educational
and health infrastructure and services like potable water, malaria reduction and treatment and primary health
care capacity building, agricultural and infrastructure capacity investment.
The above media statement and accompanying material for media use are issued by
ALPHAMIN RESOURCES CORP. without embargo unless an embargo is indicated above
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information.
Forward-looking statements contained herein include, without limitation, statements relating to the terms and
intended completion of the Offering, the terms of the Warrants, the anticipated use of funds from the Offering, the
participation of the IDC and other stakeholders, the Company’s intentions to raise the balance of funding
required to complete construction of the Project and the sources thereof, costs of production, success of mining
operations, the ranking of the project in terms of cash cost and production, economic return estimates, social,
community and environmental impacts, and continued positive discussions and relationships with local
communities and stakeholders. Forward-looking statements are based on assumptions management believes to
be reasonable at the time such statements are made. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although
Alphamin has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. Factors that may cause actual results to differ materially from expected results described
in forward-looking statements include, but are not limited to: Alphamin’s ability to secure sufficient financing to
advance and complete the Bisie Tin Project, uncertainties associated with Alphamin’s resource and reserve
estimates, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties
associated with securing off-take agreements and customer contracts, uncertainties with respect to social,
community and environmental impacts, adverse political events, uncertainties with respect to optimization
opportunities for the Bisie Tin Project, as well as those risk factors set out in the Company’s Management
Discussion and Analysis and other disclosure documents available under the Company’s profile at
www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and
Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required by applicable securities laws.”
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.