Alphamin in Discussions with IDC for Financing
GRAND BAIE, MAURITIUS--(Marketwired - Oct 26, 2015) - Alphamin Resources Corp. (TSX VENTURE:AFM) ("Alphamin" or the "Company") announced today that is in advanced negotiations with the Industrial Development Corporation (IDC), a development finance institution owned by the South African government, for equity funding. The investment, if concluded, would be made in the Company's Democratic Republic of the Congo (DRC) subsidiary, Alphamin Bisie Mining SA, with the proceeds to be used for the completion of a feasibility study on the Company's Bisie Tin Prospect located in east central DRC.
No definitive agreements have been entered into in respect of the financing and there can be no assurance that the finanicng will be completed. The Company will make a further announcement if and when definitive agreements are entered into.
ON BEHALF OF THE BOARD OF DIRECTORS
Boris Kamstra, Acting Chief Executive Officer
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
Contact
Alphamin Resources Corp.
Boris Kamstra
Acting Chief Executive Officer
+ 27 11 438 4100
bkamstra@pangeagroup.co.za