Minera Alamos Announces C$10.0 Million Bought Deal Private Placement of Common Shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
MINERA ALAMOS ANNOUNCES C$10.0 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF COMMON
SHARES
Toronto, Ontario and Vancouver, British Columbia — (August 18, 2020)
Minera Alamos Inc. (“Minera Alamos” or the “Company”) (TSX V:MAI) is pleased to announce that it has
entered into an agreement with National Bank Financial Inc. (“NBF”) to act as sole underwriter, pursuant
to which NBF will purchase 15,874,000 Common Shares of the Company at a price of C$0.63 (the “Offering
Price”) per Common Share, on a “bought deal” private placement basis, for aggregate gross proceeds to
the Company of approximately C$10.0 million (the “Offering”). The Company has also granted NBF an
option exercisable at any time prior to the closing of the Offering, to purchase for placement up to an
additional 2,381,100 Common Shares at the Offering Price, for additional gross proceeds of up to C$1.5
million.
The Company intends to use the net proceeds of the Offering to advance construction of its 100%-owned
Santana gold development project located in Sonora, Mexico; further exploration activities at its other
100%-owned development projects located in Mexico, and; general corporate purposes.
The Offering is scheduled to close on or about September 3, 2020 and is subject to certain conditions
including, but not limited to, the receipt of all necessary regulatory and other approvals including the
approval of the TSX Venture Exchange.
The Common Shares to be issued under the Offering will have a hold period of four months and one day
from closing.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
described herein in the United States. The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any
state securities laws, and may not be offered or sold within the United States or to U.S. persons (as defined
in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration requirements is available.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 604-600-4423 Tel: 289-242-3599
Email: [email protected] Email: [email protected]
Website: www.mineraalamos.com
About Minera Alamos Inc.
Minera Alamos is a gold development company poised to join the ranks of gold producers in 2021. The
Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit,
heap-leach development project in Sonora that is currently under construction, and which is expected to
have its first gold production in early 2021. The newly acquired 100%-owned Cerro de Oro oxide gold
project in northern Zacatecas that has considerable past drilling and metallurgical work completed and
could enter the permitting process rapidly. The La Fortuna open pit gold project in Durango (100%-owned)
has an extremely robust and positive preliminary economic assessment (PEA) completed and the
Company is nearing the end of the permitting process for the project. A construction decision on La
Fortuna could be made in late 2020 or early 2021, highlighting the organic growth the existing project
portfolio can provide to the overall production profile. Minera Alamos is built around its operating team
that together brought three mines into production in Mexico over the last 12 years.
The Company’s strategy is to develop very low capex assets while expanding the projects’ resources and
continuing to pursue complementary strategic acquisitions.
Caution Regarding Forward-Looking Statements
This news release includes “forward-looking information” within the meaning of applicable securities
laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or performance (often, but not always,
identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled",
"estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words
and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should"
"might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may
be forward-looking statements. Forward-looking information herein includes, but is not limited to,
statements that address activities, events or developments that Minera Alamos expects or anticipates will
or may occur in the future. Although Minera Alamos has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those described in forward-looking
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 such information will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking information. Minera Alamos
does not undertake to update any forward-looking information, except in accordance with applicable
securities laws.
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.