Aloro Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
March 20, 2023 TSX.V Symbol AORO
FRANKFURT Symbol 4LPP
ALORO ANNOUNCES PRIVATE PLACEMENT
ALORO MINING CORP. – (the “Company”) is pleased to announce a non-brokered private
placement financing (the “Financing”) of up to 10,000,000 units (each, a “ Unit”) of the
Company at a price of $0.05 per Unit for gross aggregate proceeds of up to $500,000. Each Unit
will consist of one common share of the Company (each, a “Share”) and one Share purchase
warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one
additional Share (each, a “Warrant Share”) of the Company at a price of $0.15 per Share for a
period of two years from the closing of the Financing.
The Company intends to use the proceeds from the Financing for exploration work, including
drilling on its recently acquired Quitovac Mine Project , and for general working capital
purposes.
Finder’s fees may be payable in accordance with the rules of the TSX Venture Exchange
(“TSXV”). Insiders may also participate in the Financing.
All securities issued in connection with the Financing will be subject to a statutory hold period
expiring four months and one day after closing of the Financing. Completion of the Financing
is subject to a number of conditions, including, without limitation, receipt of all regulatory
approvals, including approval of the TSXV.
None of the securities sold in connection with the Financing will be registered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in the
United States absent registration or an applicable ex emption from the registration
requirements. This news release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora
Megashear, where a large part of Mexico’s recent gold production is derived. Aloro also
controls the 3,199- hectare Los Venados Project, which is located in the central part of the
Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos
Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.
ALORO MINING CORP.
Per: “Thomas A. Doyle”
Thomas A. Doyle
President & CEO
http://www.aloromining.com/
For further information, please
contact:
Thomas A. Doyle
Phone: (604) 689-5722
Email: [email protected]
Neither 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 release.
This news release contains forward‐looking information which is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ from those projected in the forward‐looking
statements. Forward looking statements in this press release include, but are not limited to, statements regarding
the Financing, closing thereof, and the anticipated use of proceeds. These forward‐looking statements are subject
to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially
from those projected in the forward‐looking information. Risks that could change or prevent these statements from
coming to fruition include, but are not limited to, the inability of the Company to close the Financing, failure to
receive final TSXV approval for the Financing, general business, economic and social uncertainties, litigation,
legislative, environmental and other judicial, regulatory, political and competitive developments, and other risks
outside of the Company’s control.