The above media statement and accompanying material for media use are issued by
NEWS RELEASE
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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 F OR PUBLICATION, RELEASE OR DISSEMINATION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, JAPAN 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 O F SUCH JURISDICTIONS.
ALPHAMIN ANNOUNCES INTENTION OF SECONDARY INWARD LISTING ON THE ALTERNATIVE EXCHANGE
OPERATED BY THE JSE
JOHANNESBURG – 14 NOVEMBER 2017 – Alphamin Resources Corp. (AFM: TSX-V, “Alphamin”) is pleased to
announce that it has applied for a secondary inward listing on the Alternative Exchange (“AltX”) opera ted by
the JSE Limited in connection with the company’s pr eviously announced private placement of approximately
US$56.1 million as the last phase of capital raisin g required to complete the construction of Alphamin’s Bisie
Tin Project (“the ABM project”) in the North Kivu Province of the Democratic Republic of Congo.
“Alphamin feels that a secondary inward listing on AltX will be an important step towards raising a po rtion of the final
$31.4 million required to construct the ABM project” says Boris Kamstra, CEO of Alphamin. “Currently t here is strong
demand in the South African market for investment i n companies that earn US$-based revenue, and partic ularly for
investment in mining companies with expected acceptable return metrics.” We are of the opinion that South Africa will
be a receptive market in which to raise a portion of the remaining capital required to develop the first phase of the ABM
project and to be able to commence production early in 2019,” explains Kamstra.
Alphamin has strong South African connections throu gh the key suppliers of services and materials to i ts Bisie tin
project, and an existing relationship with the IDC which is already invested in Alphamin Bisie Mining. SA, the project
holding company. “We believe that this knowledge ba se will position Alphamin well for a South African private
placement and secondary inward listing on the AltX” says Kamstra.
US$140 million has been raised or committed for the ABM project to date covering 81.4% of the total capital expected
to be required for the ABM project. The ABM projec t has a peak funding requirement of US$172.1 millio n, which
includes an extra cost overrun amount of US$15 million, in addition to the US$8 million contingency already included in
the ABM project’s Control Budget Estimate.
The Industrial Development Corporation of South Africa SOC Ltd (“IDC”) has committed to investing US$13.7m at the
project level, and Tremont Master Holdings has comm itted to investing US$24.7 million into the propose d Alphamin
private placement, leaving a balance of $31.4m to be filled by the placement of securities to investors in South Africa,
Canada and elsewhere. Following on from the company ’s US$22.3m equity fundraising in July 2017, Alpham in also
announced on Monday that it has secured project debt funding of US$80 million under a credit facility to be provided by
a syndicate of lenders. Alphamin is now focussing o n raising the final US$31.4 million of equity fundi ng required to
complete the ABM project total funding requirement. The secondary inward listing on AltX is a key step in this final
fundraising effort.
The ABM project is the manifestation of what conflict mineral legislation aimed to achieve. Responsible procurement is
the order of the day and the normal way of working at the Alphamin Bisie Tin Mine project. “Alphamin i s already the
largest local employer in the region and is adding value to the area through job creation, construction, connectivity and
development of economic infrastructure,” says Kamstra. The ABM project is already a catalyst for regio nal economic
growth and holds more positive promise for years to come. Alphamin is committed to contributing to the stability and
economic activity in North Kivu.
FIN
Further information, videos and photographs of the ABM project’s progress are available on the Alphami n
Resources Corp. website at www.alphaminresources.com
EDITORS NOTES:
FOR MORE INFORMATION, PLEASE CONTACT:
Boris Kamstra
Chief Executive Officer
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: [email protected]
Grand Baie, Mauritius
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.
ISSUED ON BEHALF OF THE BOARD OF DIRECTORS OF ALPHAMIN RESOURCES CORP. BY:
Boris Kamstra, Chief Executive Officer
Tel: +230 269 4166
Grand Baie, Mauritius
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a stat ement of historical fact constitutes forward-lookin g information.
Forward-looking statements contained herein include, without limitation, statements relating to expected listing on the
JSE AltX, the intended completion of additional fin ancing and the anticipated use of funds from such f inancing, the
participation of Tremont, IDC and other stakeholders, the Company’s intentions to raise the balance of funding required
to complete construction of the ABM 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 , estimated
capital costs for the project, the timing for the commencement of commercial production, mineral resource and reserve
estimates, social, community and environmental impa cts, and continued positive discussions and relatio nships 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 s tatements.
Accordingly, readers should not place undue relianc e on forward-looking statements. Although Alphamin has
attempted to identify important factors that could cause actual results to differ materially from thos e contained in
forward-looking statements, there may be other fact ors that cause results not to be as anticipated, es timated 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 the
estimation of future costs, uncertainties regarding global supply and demand for tin and market and sa les prices,
uncertainties associated with securing off-take agr eements and customer contracts, uncertainties with respect to
social, community and environmental impacts, advers e political events, uncertainties with respect to o ptimization
opportunities for the Bisie Tin Project, as well as those risk factors set out in the Company’s Manage ment Discussion
The above media statement and accompanying material for media use are issued by
and Analysis and other disclosure documents availab le 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 disclaim s 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