Peterson McVicar acts for Minera Alamos in Private Placement and Partnership
On May 30, 2017 Minera Alamos Inc. (the “Company” or “Minera Alamos”) announced that it had entered into and completed an agreement with Osisko Gold Royalties Ltd (“Osisko”), pursuant to which Osisko has purchased, on a private placement basis, 22,045,000 common shares of the Company at a price of $0.15 per Common Share for gross proceeds of $3,306,750.
Minera Alamos intends to use the gross proceeds for the development of La Fortuna and for working capital and general corporate purposes.
Minera Alamos is a junior exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Los Verdes open pit copper-molybdenum project in Sonora, both currently in development.
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