Almadex Minerals Announces Closing of $5.6 Million Non-Brokered Private Placement
NEWS RELEASE
March 27, 2018
Trading Symbols:
TSX-V: AMZ; OTCQX: AXDDF
www.almadexminerals.com
ALMADEX MINERALS ANNOUNCES CLOSING OF $5.6 MILLION
NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. Almadex Minerals Limited (“Almadex” or the “Com pany”; TSX-V: AMZ; OTCQB: AXDDF) is
pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of
4,000,000 units (“Units”) at $1.40 per Unit. Each Unit consists of one common share of the Company and one-half of
one non-transferable common share purchase warrant (each such w hole share purchase warrant, a “Warrant”).
Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until
March 27, 2020. Fees consisting of $255,555.20 in cash were paid to arms-length finders or advisors on a portion of
the placement. All securities issued in connection with the pri vate placement are subject to a hold period in Canada
which expires on July 28, 2018.
Almadex intends to use the proceeds of the private placement to continue drilling targets at its 100% owned El Cobre
gold/copper porphyry project in Veracruz, Mexico, and for general working capital purposes.
About Almadex
Almadex Minerals Limited is an exploration company that holds a large mineral portfolio consisting of projects and
NSR royalties in Canada, the U.S. and Mexico. This portfolio i s the direct result of over 35 years of prospecting and
deal-making by Almadex and, prior to its spinout, by Almaden Mi nerals Ltd. Almadex is currently focused on
exploration at its El Cobre gold /copper porphyry project in Ver acruz, Mexico, in which it holds a 100% interest,
subject to a sliding-scale net smelter returns royalty (“NSR”) equivalent to 0.5% in the ev ent that production from the
property exceeds 10,001 tonnes per day of ore. This NSR can be reduced to 0.25% at this production rate through
the payment of US$3 million.
On behalf of the Board of Directors,
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almadex Minerals Limited
Neither the TSX Venture Exchange nor its Re gulation Services Provider (a s that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Almadex Minerals Limited
Tel. 604.689.7644
Email: [email protected]
http://www.almadexminerals.com/
THIS NEWS RELEASE IS A MATTER OF RECORD ONLY, AND DOES NOT CONS TITUTE AN
OFFER OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING IN QUEST ION WAS NOT
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS A MENDED, OR ANY
STATE SECURITIES LAWS, AND THE SEC URITIES SOLD IN SUCH OFFERING M A Y N O T B E
OFFERED OR SOLD IN THE UNITED ST ATES OR TO U.S. PERSONS ABSENT REGISTRATION OR
APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
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Forward‐Looking Information
This release includes certain statements that may be deemed "forward‐looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling and other activities and events or developments that
Almadex Minerals Limited ("Almadex " ) e x p e c t s t o o c c u r , a r e f o r ward‐looking statements. Forward‐looking statements in this
news release include statements regarding the use of proceeds from the private placement and future exploration plans and
expenditures. Although Almadex be lieves the expectations expres sed in such forward‐looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may
differ materially from those forward‐looking statements. Factor s that could cause actual results to differ materially from tho se
in forward looking statements include market prices, exploratio n successes, and continued availability of capital and financin g
and general economic, market or business conditions. These statements are based on a number of assumptions including,
among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and
governmental approvals, the ability of Almadex and other parties to satisfy stock exchange and other regulatory requirements in
a timely manner, the availability of financing for Almadex’s pr oposed transactions and programs on reasonable terms, and the
ability of third party service providers to deliver services in a timely manner. Investors are c autioned that any such stateme nts
are not guarantees of future per formance and actual results or developments may differ materially from those projected in the
forward‐looking statements. Almadex does not assume any obligation to update or revise its forward‐looking statements,
whether as a result of new information, future events or otherwise, except as required by applicable law.