Almaden Announces Proposed Non-Brokered Private Placement [Canadian Business Journal (Canada)]
Almaden Minerals, Ltd. Common Shares (AAU)
NASDAQ:AMEX Investor Relations:
almadenminerals.com/investors/stock_info.html
Company Research
Source: Canadian Business Journal
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 10, 2020 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) Offering Units Each Unit will consist of one common share of the Company and one non-transferable common share purchase warrant, each whole share purchase warrant (a “ Warrant Almaden intends to use the net proceeds of the Offering for permitting activities relating to the Ixtaca project, and for general corporate purposes. Certain insiders of the Company may participate in the Offering. The issuance of Units to insiders of the Company pursuant to the Offering will be considered related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). The Company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5
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