Alphamin Announces Proposed Private Placement
02.12.2014 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Dec. 2, 2014) - Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") announced today plans to raise up to C$15.0 million in a non-brokered private placement. Alphamin is proposing to offer up to 75,000,000 units at a price of C$0.20 per unit, with each unit consisting of one common share and one-third of one common share purchase warrant. Each whole share purchase warrant would entitle the holder to acquire one common share at a price of C$0.25 for a period of 12 months from the closing date of the offering.It is anticipated that insiders of Alphamin will subscribe for up to C$12.25 million of the private placement. The private placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a 4-month hold period.
The Company intends to use the net proceeds from this offering, for working capital and general corporate purposes, the completion of a definitive feasibility study (DFS), further exploration work and procure long lead ítems for mine construction on its Bisie Tin Prospect in east central Democratic Republic of Africa.
ON BEHALF OF THE BOARD OF DIRECTORS
"Bruce Curling", CEO
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CONTACT INFORMATION
Alphamin Resources Corp.
Maitland (Mauritius) Limited
Suite 510, 5th Floor, Barkly Wharf
Le Caudan Waterfront, Port Louis, Mauritius
Phone +230 210 9334
www.alphaminresources.com