Maden Minerals Ltd. Closes $17.2 Million Bought Deal Private Placement
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NEWS RELEASE
June 1, 2017
Trading Symbols:
TSX: AMM, NYSE MKT: AAU
www.almadenminerals.com
AL
MADEN MINERALS LTD. CLOSES $17.2 MILLION BOUGHT DEAL PRIVATE PLACEMENT
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or the “Company”; TSX: AMM; NYSE MKT: AAU) is
pleased to announce completion of the previously announced bought deal private placement . The
Company issued a total of 9,857,800 units (“Units”) at $1.75 per Unit to raise gross proceeds of
$17,251,150 (the “Offering”). The Offering was co-led by Sprott Capital Partners and Cormark Securities
Inc. on behalf of a syndicate of underwriters which included PI Financial Corporation and National Bank
Financial Inc. (collectively, the "Underwriters"). The Underwriters exercised in full their option to place an
additional 1,285,800 Units over and above their commitment to place 8,572,000 Units as announced on
May 5, 2017. Coeur Mining, Inc. (NYSE:CDE) ("Coeur") acquired 2,856,000 Units of the Offering.
Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one-
half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is
transferable and entitles the holder to acquire one Common Share until June 1, 2020 at a price of $2.45 .
The Offering was made by way of a private placement to qualified investors in certain provinces of Canada,
and otherwise in those jurisdictions where the Offering could lawfully be made. All securities issued under
the Offering are subject to a four month hold period expiring October 2, 2017 in accordance with applicable
securities laws in Canada, and potent ially additional restrictions under the laws of other jurisdictions in
which the Offering may be made.
In connection with the Offering, the Underwriters were paid a cash fee equal to 6.0% of the gross proceeds
of the Offering. As additional consideration, the Company grant ed the Underwriter s non-transferable
common share purchase warrants (the “Broker Warrants”) entitling the Underwriter s to purchase up to
295,734 Common Shares at a price of $2.00 per share, expiring on June 1, 2019.
The net proceeds received by the Company 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 subject to the final approval of the Toronto Stock Exchange.
About Almaden
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.
O
n Behalf of the Board of Directors,
“
Morgan Poliquin”
Mor
gan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.
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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 has 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. Such 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 actual 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 act ual results
of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes 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 the
section entitled "Risk Factors" in Almaden's Annual Information F orm 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 i dentify important factors that could
cause actual results to differ materially, there may be other factors 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 materially
from those anticipated in such statements. Almaden disclaims any intention or obligation to update or revise any forward- looking
statements, whether as a result of new information, future events or otherw ise, 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 OF THE SECURITIE S 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.