Almaden Announces re-pricing of proposed non-brokered private placement
NEWS RELEASE
March 19th, 2020
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Almaden Announces re-pricing of proposed non-brokered private placement
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American)
today announced that it has amended its private placement originally announced on March 10, 2020 (the "Offering")
in order to reflect current market conditions.
The amended terms of the offering are as follows:
the purchase price of the Units of the Offering has been reduced from $0.41 to $0.37 per Unit.
the exercise price of each share purchase Warrant has been reduced from $0.65 to $0.50.
The size of the Offering has been increased from up to 4,900,000 Units to up to 5,400,000 Units, which may
be increased.
All other material terms of the previously announced Offering remain the same.
Closing of the Offering is anticipated to be on or about March 26, 2020 (the “Closing Date”) and is subject to receipt
of applicable regulatory approvals including approval of the TSX and NYSE American exchanges . The securities
issued will be subject to a standard four month hold period in Canada.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0% NSR royalty held
by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was discovered by Almaden in 2010.
On Behalf of the Board of Directors
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.
THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR
DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING IN
QUESTION HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS, AND THE SECURITIES SOLD IN SUCH OFFERING MAY NOT
BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR
APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
Forward Looking Statements
Certain of the statements and information in this news release constitute “forward -looking statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of applicable Canadian provincial securities laws. All
statements, other than statements of historical fact, are forward -looking statements or information. Forward -looking statements or information in this
news release relate to, among other things: the proposed Offering, the composition of the Units, and the intend ed use of net proceeds of the Offering.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily base d upon a
number of assumptions . These assumptions include: stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian laws
and regulations, as well as their application and judicial decisions thereon; continued respect for the rule of law in Mexico ; prices for gold, silver and
base metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds; capital, decommiss ioning and reclamation
estimates; mineral reserve and resource estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no
labour-related disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the ability to secure and
maintain title and ownership to properties an d the surface rights necessary for operations; community support in the Ixtaca Project; and the ability to
comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
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The Company cautions the reader that forward -looking statements and information involve known and unknown risks, uncertainties and other factors
that may cause actual results and developments to differ materially from those expressed or implied by such forward -looking statements or information
contained in this news release. Such risks and other factors include, among others, risks related to: political risk in Mexico; crime and violence in
Mexico; corruption; environmental risks, including environmental matters under Mexican laws and regulations; impact of environmental impact
assessment requirements on the Company’s planned exploration and development activities on the Ixtaca Project; certainty of m ineral title and the
outcome of litigation; community relations; governmental regulations and the ab ility to obtain necessary licences and permits; risks related to mineral
properties being subject to prior unregistered agreements, transfers or claims and other defects in title; changes in mining, environmental or agrarian
laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may increase costs of doing business
and restrict operations; as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Informati on Form and Almaden's
latest Form 20 -F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to
identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in
forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that the Company’s forward-looking statements or information will prove to be accurate. Accordingly, readers
should not place undue reliance on forward -looking statements or information. Except as required by law, the Company does not assume any
obligation to release publicly any rev isions to forward -looking statements or information contained in this news release to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.almadenminerals.com/