Almaden Minerals Ltd. Announces $15 Million Bought Deal Private Placement
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NEWS RELEASE
May 5th, 2017
Trading Symbols:
TSX: AMM, NYSE MKT: AAU
www.almadenminerals.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
ALMADEN MINERALS LTD. ANNOUNCES $15 MILLION BOUGHT DEAL PRIVATE PLACEMENT
Vancouver, B.C. Almaden Minerals Ltd. ( “Almaden” or the “Company”; TSX: AMM; NYSE MKT: AAU) is
pleased to announce that it has entered into an agreement with Sprott Capital Partners and Cormark
Securities Inc. to act as co-lead underwriter s (the “ Co-Lead Underwriters”), on their own behalf and, if
applicable, on behalf of a syndicate of underwriters (collectively with the Co -Lead Underwriters, the
“Underwriters”), pursuant to which the Underwriters will arrange for substituted purchasers to purchase , on
a bought deal private placement basis, 8,572,000 units (“ Units”) at $1.75 per Unit to raise gross proceeds
of $15,001,000 (the “Offering”). The Underwriters will also have the option (the “Underwriters’ Option”) to
purchase from Almaden up to an additional 1,285,800 Units for additional gross proceeds of $2,250,150.
Each Unit will consist of one common share in the capital of the Co mpany (a “Common Share”) and one -
half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be
transferable and will entitle the holder to acquire one Common Share (a “Warrant Share”) for three years
from the date of closing of the Offering at a price of $2.45 per Warrant Share.
The Offering will take place by way of a private placement to qualified investors in such pr ovinces of
Canada as the Underwriters may designate, and otherwise in those jurisdictions where the Offering can
lawfully be made. All securities issued under the Offering will be subject to a four month hold period from
the date of issue in accordance wi th applicable securities laws in Canada, and potentially additional
restrictions under the laws of other jurisdictions in which the Offering may be made . Closing of the Offering
is subject to satisfaction of certain conditions including receipt of applicable regulatory approvals including
approval of the TSX and NYSE MKT.
In connection with the Offering, the Underwriter s will be entitled to a cash fee in an amount equal to 6.0%
of the gross proceeds of the Offering, to be paid at closin g. As additional consideration, the Company will
grant to the Underwriter s non-transferable common share purchase warrants (the “Broker Warrants”)
entitling the Underwriter s to purchase that number of Common Shares as is equal to 3.0% of the
aggregate number of Units sold in the Offering. Subject to regulatory approval, each Broker Warrant will be
exercisable to acquire one Common Share at a price equal to $ 1.90 for a period of 24 months after the
closing of the Offering.
The gross proceeds received by the Company from the sale of the Units are intended to be used to
advance the Tuligtic Project through continued engineering, permitting activities and exploration drilling, as
well as for general corporate and working capital purposes.
The Offering is scheduled to close on or about June 1 , 2017 or such other date or dates as the Company
and the Underwriters may agree.
About Almaden
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Almaden Minerals Ltd. owns 100% of the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca
Gold-Silver Deposit, which 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.
Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have reviewed or accepted responsibility for the adequacy or
accuracy of the contents of this news release which h as been prepared by management. Except for the statements of historical fact
contained herein, certain information presented constitutes "forward -looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Su ch forward-looking statements, including but not
limited to, those with respect to the intended use of proceeds and continuation of exploration and development program s involve
known and unknown risks, uncertainties and other factors which may cause the ac tual results, performance or achievement of
Almaden to be materially different from any future results, performance or achievements expressed or implied by such forward -
looking statements. Such factors include, among others, risks related to international operations and joint ventures, the actual results
of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, c hanges in
project parameters as plans continue to be refined, environmental risks and hazards, increased infrastructure and/or operating costs,
labour and employment matters, and government regulation and permitting requirements as well as those factors discussed in th e
section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form 20 -F on file with the United States
Securities and Exchange Commission in Washington, D.C. Although Almaden has attempted to identify important factors that coul d
cause actual results to differ materially, there may be other fa ctors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as actual results and future events could differ mat erially
from those anticipated in such statements. Almade n disclaims any intention or obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or otherwise, other than as required pursuant to applicable
securities laws. Accordingly, readers should not place undue reliance on forward-looking statements.
THIS NEWS RELEASE DO ES NOT CONSTITUTE AN OFFER TO SELL OR A S OLICITATION OF AN
OFFER TO BUY NOR SHALL T HERE BE ANY SALE OF ANY O F THE SECURITIES IN ANY
JURISDICTION IN WHIC H SUCH OFFER, SOLICI TATION OR SALE WOULD BE UNLAWFUL,
INCLUDING ANY OF THE SECURITIE S IN THE UNITED STAT ES OF AMERICA. THE S ECURITIES
HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE
OFFERED OR SOLD WITH IN THE UNITED STATES OR TO , OR FOR ACCOUNT OR BENEFIT OF,
U.S. PERSONS (AS DEF INED IN REGULATION S UNDER THE 1933 ACT) UNLESS REGISTERED
UNDER THE 1933 ACT A ND APPLICABLE STATE SECURITIES LAWS, OR AN EXEMPTION FROM
SUCH REGISTRATION REQUIREMENTS IS AVAILABLE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES