20:56:16 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Minera Alamos Inc
Symbol MAI
Shares Issued 42,544,248
Close 2016-05-04 C$ 0.145
Market Cap C$ 6,168,916
Recent Sedar Documents

Minera Alamos investor acquires five million units

2016-05-06 16:13 ET - News Release

Mr. Don Christie of Norvista reports

NORVISTA CAPITAL ANNOUNCES INCREASE IN EQUITY INTEREST IN MINERA ALAMOS INC.

Norvista Capital Corp. has acquired, together with Norvista Capital I Limited Partnership, an aggregate of five million units of Minera Alamos Inc. pursuant to a non-brokered private placement at a price of 10 cents per unit. Each unit was composed of one common share and one-half of one common share purchase warrant of Minera. Each warrant entitles the holder thereof to acquire one additional common share of Minera at a price of 15 cents at any time prior to May 4, 2019. The LP, which is managed by the company, invests alongside Norvista on a pro rata basis in qualifying investments.

Prior to the transaction, Norvista owned 6.75 million common shares of Minera, representing approximately 11.7 per cent of the issued and outstanding common shares of Minera. Upon completion of the transaction, the 11.75 million common shares owned or controlled, directly or indirectly, by Norvista represent approximately 18.3 per cent of Minera's issued and outstanding common shares on a non-diluted basis, and approximately 29.17 per cent on a partially diluted basis (assuming exercise of Norvista's and the LP's convertible securities). Depending on market and other conditions, or as future circumstances may dictate, Norvista may from time to time increase or decrease its holdings of common shares or other securities of Minera.

This news release is issued pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues) of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in respect of this transaction will be available on Minera's issuer profile on SEDAR.

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