ALPHAMIN RESOURCES CORPORATION - Results of the South African private placement and confirmation of listing date

Results of the South African private placement and confirmation of listing date

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
(“Alphamin” or the “Company”)

SECONDARY INWARD LISTING OF ALPHAMIN RESOURCES CORP. ON THE ALTERNATIVE EXCHANGE OPERATED 
BY THE JSE LIMITED

RESULTS OF THE SOUTH AFRICAN PRIVATE PLACEMENT AND CONFIRMATION OF THE LISTING DATE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR PUBLICATION, RELEASE OR DISSEMINATION, 
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES,AUSTRALIA OR JAPAN OR ANY 
OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS 
RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN ANY JURISDICTION.


1. Background

   Shareholders and participants in the South African Private Placement (“South African
   Participants”) are referred to the terms and salient dates and times of the Private 
   Placement published by the Company on SENS on 8 December 2017. Defined terms used in this
   announcement are as defined in the aforementioned SENS announcement.


2. Results of the South African Private Placement

   The board of directors of the Company (the “Board”) confirms that the South African Private
   Placement closed at 12:00 on Monday, 11 December 2017 and that successful South African
   Participants have been advised of their allocations. Accordingly, the Board is hereby pleased 
   to announce the results of the South African Private Placement:

   9 951 178 Units will be issued to successful South African Participants at a price of ZAR3.40 
   per Unit, amounting to a total equity raise in South Africa of ZAR33 834 005.20 (approximately
   USD2 500 896.62). The final number of Common Shares that will therefore be listed on the AltX
   on Friday, 15 December 2017 amounts to 522 251 209 Common Shares.


3. TSX-V Private Placement

   Shareholders and participants in the Private Placement are reminded that a concurrent equity 
   raise,in the amount of up to approximately USD53.6 million (ZAR725 million), for a total equity 
   raising of up to approximately USD56.1 million (ZAR759 million) is ongoing(the TSX-V Private 
   Placement). Due to differing market and regulatory requirements, the TSX-V Private Placement is 
   targeted to close on or about 8 January 2018.

   The above amounts have been translated using the exchange rate of USD:ZAR 13.52875 being the 
   exchange rate prevailing on 6 December 2017.


4. Salient dates and times of the Secondary Listing

   The salient dates and times in respect of the Secondary Listing are as follows:
                                                                                                   2017
   Secondary Listing Date, subject to approval being received from the              Friday, 15 December
   JSE and TSX-V

   Date for Common Share certificates and Warrant certificates to be                Friday, 15 December
   couriered to successful South African Participants on or about

   Notes:
   The above dates and times are subject to change. Any such change will be released on SENS.
   All references to dates and times are to local dates and times in South Africa.

Johannesburg

14 December 2017


Alphamin Resources Corp.
Alphamin’s registered office and postal address: C2-202, Level 2, Office Block C, La Croisette, 
Grand Baie, Mauritius
Telephone: + 44 759 556 7793
Website: http://alphaminresources.com

South African Corporate Adviser, Investment Bank, JSE Sponsor and South African Bookrunner
Nedbank Limited (acting through its Corporate and Investment Banking Division)

South African Legal Adviser
Hogan Lovells (South Africa) Inc.

Canadian Legal Adviser
Stikeman Elliott LLP

South African Transfer Secretaries
Computershare Investor Services Proprietary Limited

Canadian Transfer Agent and Registrar
Computershare Investor Services Inc.

Date: 14/12/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.