Minera Alamos Announces C$8.5 Million Bought Deal Private Placement of Common Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Source: Newsfilter
Financing Agreement: Minera Alamos Inc. has entered into a financing agreement with National Bank Financial to sell 28,333,000 common shares at C$0.30 each, aiming to raise approximately C$8.5 million for the expansion of its mining projects in Mexico.
Use of Proceeds: The funds will be allocated towards the development of the Santana mine, exploration activities at the Cerro de Oro project, and general corporate purposes, with the offering expected to close around December 5, 2024, pending regulatory approvals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
