Minera Alamos Inc Announces Private Placement Agreement

Toronto, November 20, 2024

Minera Alamos Inc. (TSXV: MAI; OTCQX: MAIFF) has recently announced that it has entered into an agreement with National Bank Financial Inc. (“NBF”) as lead underwriter and bookrunner, along with a syndicate of underwriters, for a private placement offering. The offering involves the purchase of 28,333,000 common shares at a price of C$0.30 per share, resulting in aggregate gross proceeds of approximately C$8.5 million.

In addition to the initial offering, NBF has been granted an option to purchase up to an additional 5,000,000 shares at the same price, potentially raising an additional C$1.5 million in gross proceeds for Minera Alamos.

This private placement agreement falls under the listed issuer financing exemption and is being done on a “bought deal” basis, with the right to arrange for substituted purchasers.

Impact on Individuals

As an individual investor, the announcement of this private placement agreement by Minera Alamos Inc. could present an opportunity to potentially participate in the company’s growth by acquiring shares at the offering price. It is essential to conduct thorough research and seek professional advice before making any investment decisions.

Global Impact

The private placement agreement entered into by Minera Alamos Inc. signifies a strategic move by the company to raise capital for its operations and projects. This can have a positive impact on the mining industry and contribute to the growth and development of the sector on a global scale.

Conclusion

In conclusion, the private placement agreement announced by Minera Alamos Inc. is a significant development for the company as it looks to raise funds for its activities. The potential influx of capital from this offering can lead to increased opportunities for growth and expansion, benefiting both individual investors and the broader mining industry.