Minera Alamos' Previously Announced Bought Deal Private Placement Is Fully Allocated
Minera Alamos' Previously Announced Bought
Deal Private Placement Is Fully Allocated
All dollar amounts are in US dollars unless otherwise specified.
Toronto, Ontario--(Newsfile Corp. - August 14, 2025) - Minera Alamos Inc. (TSXV: MAI) ("
Minera
Alamos
" or the "
Company
") is pleased to announce that, further to its press release of August 7, 2025,
as a result of overwhelmingly strong investor demand, it has closed the order book for its previously
announced C$110 million private placement (the "
Offering
"). The Underwriters, led by Stifel Canada as
sole bookrunner and including BMO Capital Markets, Desjardins Capital Markets and National Bank
Financial Inc., have received indications of interest for the full amount of the Offering, including the C$25
million Underwriters' Option.
"We were very pleased to see such strong institutional investor demand for this private placement, which
underscores the confidence investors have in Minera Alamos and our ability to deliver shareholder value.
The funds raised from this Offering will enable us to complete the acquisition of the Pan Complex mining
assets in Nevada and transform the trajectory for the Company," commented Darren Koningen, Chief
Executive Officer of Minera Alamos.
Incoming Chairman Jason Kosec added, "The acquisition of Pan and Gold Rock will strengthen the
Company and reflect well for the industry by providing more robust opportunities for investment dollars. I
would like to thank the investors for their support, which will allow us to bring our vision of building the
next Americas-focused growing gold producer to life and we look forward to closing both the financing
and the acquisition."
The Company will use the net proceeds from the Offering to acquire Calibre USA Holdings Ltd.
("
Calibre USA
") from Equinox Gold Corp. ("
Equinox
") for total consideration of $115 million (the
"
Transaction
"), of which $90 million is in cash and $25 million is equity consideration, subject to
adjustment. Equinox will not hold more than 9.99% of the issued and outstanding common shares of the
Company once the Transaction is completed. Calibre USA holds a 100% economic interest in the
producing Pan Gold Mine, Gold Rock Project and Illipah Project located in Nevada, U.S.
Closing of the Offering is expected to occur in mid-September. The net proceeds from the Offering will
be used to pay the cash consideration due to Equinox in the Transaction, with any remainder to be used
for working capital required to support operations at the Pan complex.
Please see the Company's press release dated August 7, 2025, for complete details of the Offering and
the Transaction.
The securities being offered pursuant to the Offering have not been, nor will they be, registered under
the United Stated Securities Act of 1933, as amended (the "
U.S. Securities Act
") and may not be
offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption from the registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, nor shall
there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities
Act.
ADVISORS & COUNSEL
Stifel Canada is acting as financial advisor to Minera Alamos, with Gowling WLG acting as legal
advisors to the Company in relation to the Transaction and the Offering, respectively.
CONTACT INFORMATION
Jason Kosec, Incoming Chairman
250-552-7424
Darren Koningen, CEO
416-991-4941
ABOUT MINERA ALAMOS
Minera Alamos is a gold production and development Company. The Company has a portfolio of high-
quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is
currently going through the start-up of operations at the new Nicho Main deposit. The 100%-owned Cerro
de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work
completed and the proposed mining project is currently being guided through the permitting process by
the Company's permitting consultants. The La Fortuna open pit gold project in Durango (100%-owned)
has a positive, robust PEA completed, and the main Federal permits are in place. Minera Alamos is
built around its operating team that together brought three open pit heap leach gold mines into
successful production in Mexico over the last 14 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 Information
This press release includes certain "forward-looking information" within the meaning of applicable
Canadian securities legislation. All information herein, other than information of historical fact, constitutes
forward-looking information. Forward-looking information is frequently, but not always, identified by
words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and
similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should"
occur or be achieved. This information is based on information currently available to Minera Alamos and
Minera Alamos provides no assurance that actual results will meet management's expectations.
Forward-looking information in this press release includes, but is not limited to: statements with respect
to the proposed use of proceeds of the Offering; statements concerning future exploration plans at the
Company's mineral projects; the Company's proposed business strategy; and the development and
condition of the Company's mining assets; the Offering size; the completion of Transaction and the
Offering; the consideration payable under the Transaction; the expected closing dates of the Transaction
and the Offering; the appointment of Jason Kosec to the chairmanship of the Company; future
production, operations and growth and a result of the Transaction; and the proceeds to be received from
the Offering.
The forward-looking information is based on assumptions and addresses future events and conditions
that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial
condition and prospects could differ materially from those currently anticipated in forward-looking
information for many reasons such as: an inability to complete the Transaction; and inability to complete
the Offering; an inability to receive requisite permits for mine operation, exploration or expansion; an
inability to finance and/or complete updated resource and reserve estimates and technical reports which
support the technical and economic viability of mineral production; 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 press release and in filings made with securities regulators. This list is
not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These
and other factors should be considered carefully, and readers should not place undue reliance on Minera
Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking
information that may be made from time to time by Minera Alamos or on its behalf, except in accordance
with applicable securities laws.
The Company does not have a feasibility study of mineral reserves, demonstrating economic and
technical viability for the Santana project, and, as a result, there may be an increased uncertainty of
achieving any particular level of recovery of minerals or the cost of such recovery, including increased
risks associated with developing a commercially mineable deposit. Historically, such projects have a
much higher risk of economic and technical failure.
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 IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/262550