Albert Mining Inc. - Announces Share Purchase Warrants Extension
01.09.2017 | The Newswire
Ottawa, September 1, 2017 - Albert Mining Inc. (the "Company") (TSX-V: AIIM) is pleased to announce that, subject to regulatory approval, the Company will extend, for a one-year period, the expiry date of 3,400,000 common share purchase warrants (the "Warrants") of which 3,150,000 common share purchase warrants scheduled to expire on October 1, 2017, and 250,000 common share purchase warrants scheduled to expire on October 17, 2017 (collectively, the "Warrants").The Warrants were issued pursuant to a private placement completed by the Company in two tranches: on April 1, 2014 for gross proceeds of $189,000, on April 17, 2014 for gross proceeds of $15,000. Each of the Warrants entitles the holder thereof the right to purchase one common share of Majescor at a price of $0.12 and will now expire respectively on October 1, 2018.
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.'s mining division, including the Computer Aided Resources Detection System ("CARDS"). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine, President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Additional information about the Company is available under Albert's profile on SEDAR at www.sedar.com.
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 release.
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