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| Home : Almadex Minerals Announces Closing of $3.3 Million Non-Brokered Private Placement |
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Feb 28
2017 |
Almadex Minerals Announces Closing of $3.3 Million Non-Brokered Private Placement |
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VANCOUVER, BC--(Marketwired - February 27, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 2,496,000 units ("Units") at $1.35 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a "Warrant"). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until August 27, 2019. Fees consisting of $106,650.00 in cash and warrants to purchase 44,400 common shares at a price of $1.35 per common share until August 27, 2019 were paid to arms-length finders on a portion of the placement. All securities issued in connection with the private placement are subject to a hold period in Canada which expires on June 28, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=2198932&sourceType=3 |
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