00:44:42 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Minera Alamos Inc
Symbol MAI
Shares Issued 6,450,650
Close 2015-06-03 C$ 0.09
Market Cap C$ 580,559
Recent Sedar Documents

Minera Alamos investor Norvista buys 6.75 million units

2015-06-10 17:12 ET - News Release

Also News Release (C-NVV) Norvista Capital Corp

Mr. Don Christie of Norvista reports

NORVISTA ANNOUNCES CLOSING OF $675,000 PRIVATE PLACEMENT WITH MINERA ALAMOS INC.

Norvista Capital Corp. has closed the purchase of 6.75 million units of Minera Alamos Inc. at a price of 10 cents per unit as part of a private placement of 32 million units completed by Minera Alamos. Each unit was composed of one share and one share purchase warrant, with each such warrant entitling Norvista to acquire one additional share of Minera Alamos at a price of 10 cents at any time prior to June 8, 2019. The 6.75 million shares underlying the units purchased by Norvista represent approximately 17.3 per cent of the issued and outstanding shares of Minera Alamos, on a non-diluted basis, after giving effect to the financing. Upon exercise of the warrants, Norvista would own approximately 17.9 per cent of the shares of Minera Alamos, on a fully diluted basis, after giving effect to the financing.

Minera Alamos intends to use the net proceeds from the financing to advance its Los Verdes copper project in Mexico (refer to Minera Alamos's press release dated June 9, 2015) and for general working capital purposes.

The shares issued to Norvista pursuant to the financing will be subject to a four-month-and-one-day statutory hold period.

We seek Safe Harbor.

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