Minera Alamos Postpones Filing 2019 Financial Statements and MD&A Due to Covid-19 Related Delays
Minera Alamos Postpones Filing 2019 Financial
Statements and MD&A Due to Covid-19 Related Delays
Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Minera Alamos Inc. (TSXV: MAI)
("Minera" or the "Company") will postpone filing its annual financial statements and management's discussion and analysis for
the year ended December 31, 2019 (collectively the "2019 annual documents"), due to logistics and delays caused by the
COVID19 pandemic. Minera is relying on exemptive relief granted by Canadian securities regulatory authorities that allows the
filing delay of its annual documents, required by National Instrument 51-102 by April 29, 2020. In response to the COVID19
pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days
to complete their regulatory filings.
Despite the efforts of Company personnel and the external auditors operating an audit with restriction on typical activities during
the Covid-19 outbreak, Minera estimates that its 2019 annual documents will be available for filing within a matter of days. Until
such time as the 2019 annual documents are filed, Minera's management and other insiders are subject to a trading blackout
that reflects the principles contained in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and
Revocations in Multiple Jurisdictions.
There have been no material business developments since the date of the last interim financial statements, filed on November
28, 2019, a copy of which is available on SEDAR at
www.sedar.com
.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email:
Website:
www.mineraalamos.com
Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email:
About Minera Alamos Inc.:
Minera Alamos is a gold development company poised to join the ranks of gold producers in 2020. The Company has a portfolio
of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach development project in Sonora
currently under construction, which is expected to have its first gold production in late 2020 or early 2021. The La Fortuna open
pit gold project in Durango (100%-owned) has an extremely robust and positive preliminary economic assessment (PEA)
completed and is nearing the end of the permitting process. A construction decision on La Fortuna could be made in late 2020
or early 2021 and highlights the organic growth the existing projects can provide to the overall production profile. Minera Alamos
is built around its operating team that together brought 3 mines into production over the last 12 years.
The Company's strategy is to develop low capex assets while expanding the project resources and pursue complementary
strategic acquisitions.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/55175