Minera Alamos Announces Increase to Previously Announced Brokered Private Placement Financing
June 12, 2017
Minera Alamos Announces Increase to Previously Announced Brokered Private
Placement Financing
TORONTO, ONTARIO--(Marketwired – June 12, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES.
Minera Alamos Inc. (TSX VENTURE:MAI) (the " Company" or "Minera Alamos") is pleased
to announce that as a result of positive institutional and retail demand for its previously
announced best-efforts brokered private placement offering, the Company has amended the
terms to increase the size of the offering to $4,500,000 (the "Upsized Offering").
Under the terms of the Upsized Offering, the Company has entered into an amended
agreement with Haywood Securities Inc. , as lead agent on beha lf of a syndicate of agents
(collectively, the " Agents"), pursuant to which the Agents have agreed to sell, on a best -
efforts private placement basis, up to 30,000,000 common shares of the Company (the
"Common Shares") at a price of $0.15 per Common Share (the " Issue Price"), for gross
proceeds to the Company of $4,500,000. Minera Alamos has granted the Agents an option,
exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing
of the Upsized Offering, to sell up to an ad ditional 20% of the Upsized Offering in Common
Shares at the Issue Price.
The proceeds from the Upsized Offering will be used for the development of La Fortuna and
for working capital and general corporate purposes.
The Upsized Offering is expected to cl ose on or about June 29, 2017 and is subject to
receipt of all necessary regulatory approvals, including appro val of the TSX Venture
Exchange. Common Shares issued in the Upsized Offering will be subject to a four month
hold in accordance with Canadian securities laws.
About Minera Alamos
Minera Alamos is a junior exploration and development company. Its growing portfolio of
high-grade Mexican projects includes the La Fortuna open pit g old project in Durango and
the Los Verdes open pit copper-molybdenum project in Sonora.
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.
CONTACT INFORMATION:
Darren Koningen, President and CEO Patrick Piette, Investor Relations
(416) 306 0990 ext 201 (416) 306-0990 ext 203
www.mineraalamos.com www.mineraalamos.com
Caution Regarding Forward-Looking Statements
This news release may contain forward looking information and Minera Alamos cautions readers that
forward looking information is based on certain assumptions and risk factors that could cause actual
results to differ materially from the expectations of Minera Alamos included in this news release. This
news release includes certain "forward-looking statements”, which often, but not always, can be identified
by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". These statements are based on information currently available to Minera Alamos and
Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-
looking statements include estimates and statements with respect to Minera Alamos’ future plans,
objectives or goals, t o the effect that Minera Alamos or management expects a stated condition or result
to occur, including completion of the Brokered Offering, as well as funding and exercise of royalty options
contemplated under the Investment Agreement with Osisko Gold Roya lties Ltd., on the terms provided for
therein or at all, the expected timing for release of an updated resource and reserve estimate and a
preliminary economic assessment on Fortuna and whether or not the assessment will conclude that
mineral production is feasible on a technical or economic basis, and the ability to successfully develop
other mineral exploration properties now or in the future. Since forward- looking statements are based on
assumptions and address future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, closing, results of exploration, the
economics of processing methods, project development, reclamation and capital costs of Minera Alamos’
mineral proper ties, the ability to complete a preliminary economic assessment which supports the
technical and economic viability of mineral production, Minera Alamos’ financial condition and prospects,
could differ materially from those currently anticipated in such st atements for many reasons such as:
failure to complete the Brokered Offering on the terms as announced or at all; the absence of funding
resulting from a determination by Osisko Gold Royalties Ltd. not to exercise the royalty options
contemplated under the Investment Agreement on the terms provided for therein or at all; an inability to
finance and/or complete an updated resource and reserve estimate and a preliminary economic
assessment which supports the technical and economic viability of mineral product ion; changes in
general economic conditions and conditions in the financial markets; changes in demand and prices for
minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; technological and operational difficulties encountered in connection with Minera Alamos’
activities; and other matters discussed in this news release and in filings made with securities regulators.
This list is not exhaustive of the factors that may affect any of Minera Al amos’ forward-looking statements.
These and other factors should be considered carefully and readers should not place undue reliance on
Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward
looking statement that may be made from time to time by Minera Alamos or on its behalf, except in
accordance with applicable securities laws.