Almadex Minerals Limited Announces Proposed Private Placement
NEWS RELEASE
February 2, 2017
Trading Symbols:
TSX-V: AMZ; OTCQB: AXDDF
www.almadexminerals.com
ALMADEX MINERALS LIMITED ANNOUNCES PROPOSED PRIVATE PLACEMENT
Vancouver, B.C. Almade x Minerals Limited (“Almadex” or the “Company”; TSX -V: AMZ; OTCQB: AXDDF) is
pleased to announce a proposed non-brokered private placement financing (the "Offering") of up to 1,4 81,500 units
(the “Units”) to raise approximately $2,000,000 at a price of $1.35 per Unit.
Each Unit will consist of one common share of the Company and one-half of one whole non-transferable common
share purchase warrant , each whole share purchase warrant (a "Warrant") entitling the holder thereof to purchase
one common share of the Company at a price of $2.00 per share for a period of thirty (30) months following the
closing of the Offering.
Almadex intends to use the net proceeds of the Offering to continue drilling the El Cobre Au/Cu porphyry targets in
Veracruz, Mexico, and for general corporate purposes.
The Company may pay finders’ fees in connection with the Offering in cash, shares, warrants or combination thereof.
The Offering and payment of finders’ fees are subject to regulatory approval.
Morgan J. Poliquin, President and CEO of Almadex noted, “We intend to carry out a large drill program at El Cobre in
2017, and given the low cost of drilling resulting from the excellent project infrastructure and our integrated equipment
and drill teams, this modest financing will generate a significant amount of work on the ground. We are looking
forward to an exciting and defining year of exploration at El Cobre.”
Closing of the Offering is subject to receipt of applicable regulatory approvals including approval of the TSX Venture
Exchange. The securities issued will be subject to a standard four month hold period in Canada.
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 is the direct result of over 35 years of prosp ecting and
deal-making by Almadex and, prior to its spinout, by Almaden Minerals Ltd.
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 Regulation Services Provider (as 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/
- 2 -
THIS NEWS RELEASE , PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN. THE OFFERING IN QUESTION HAS NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND THE
SECURITIES SOLD IN SUCH OFFERING MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM
REGISTRATION REQUIREMENTS.
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 ("Alm adex") expects to occur, are forward -looking statements. Forward-looking statements in this
news release include statements regarding the Offering and future exploration plans and expenditures. Although Almadex
believes the expectations expressed in such f orward-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. Factors that could cause actual results to differ materially from those in forward looking statements include market
prices, exploration successes, and continued availability of capital and financing and general economic, market or business
conditions. These statements are based on a number of a ssumptions including, among other things, assumptions regarding
general business and economic conditions, the timing and receipt of regulatory and governmental approvals for the transactions
described herein, the ability of Almadex and other parties to sat isfy stock exchange and other regulatory requirements in a
timely manner, the availability of financing for Almadex’s proposed transactions and programs on reasonable terms, and the
ability of third party service providers to deliver services in a timely m anner. Investors are cautioned that any such statements
are not guarantees of future performance and actual results or developments may differ materially from those projected in the
forward-looking statements. Almadex does not assume any obligation to upda te or revise its forward -looking statements,
whether as a result of new information, future events or otherwise, except as required by applicable law.