ALPHAMIN RESOURCES CORPORATION - Alphamin Resources Corp. closes C$19.2 million equity financing

Release Date: 18/06/2018 15:14
Code(s): APH
 
Wrap Text
Alphamin Resources Corp. closes C$19.2 million equity financing

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”)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR
DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA,
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.

               ALPHAMIN RESOURCES CORP. CLOSES C$19.2 MILLION EQUITY FINANCING

MAURITIUS – 18 June 2018 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased
to announce that it has raised C$19.2 million (US$15.0 million) by issuing a total of 76,800,000 common shares of
the Company (the “Common Shares”) at a price of C$0.25 per Common Share (the “Issue Price”) through the
closing of its previously announced non-brokered private placement (the “Private Placement”).

The Private Placement includes a subscription for 65,126,400 Common Shares at the Issue Price by the Company’s
major shareholder, Tremont Master Holdings, and a subscription for 512,000 Common Shares at the Issue Price
by the Company’s Chief Executive Officer, Boris Kamstra.

The proceeds of the Offering will be applied to the continued development of the Company’s 80.75% owned Bisie
Tin Project and for general corporate purposes.

The Common Shares issued pursuant to the Private Placement are subject to a minimum hold period of four months
and one day from the date of issuance, expiring on October 19, 2018.

The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933
Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or
benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.

FOR MORE INFORMATION, PLEASE CONTACT:

Boris Kamstra
Chief Executive Officer
Alphamin Resources Corp.
Tel: +230 269 4166
E-mail: boris.kamstra@alphaminresources.com
Grand Baie, Mauritius

18 June 2018

JSE Sponsor
Nedbank Limited (acting through its Corporate and Investment Banking Division)

CAUTION REGARDING FORWARD LOOKING STATEMENTS
Information in this news release that is not a statement of historical fact constitutes forward-looking information.
Forward-looking statements contained herein include, without limitation, the anticipated use of the proceeds from
the Private Placement and final approval of the TSX Venture Exchange. Forward-looking statements are based on
assumptions management believes to be reasonable at the time such statements are made. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected
results described in forward-looking statements include, but are not limited to those risk factors set out in the
Company’s Management Discussion and Analysis and other disclosure documents available under the Company’s
profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news
release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as required by applicable securities laws.

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 news release.

Date: 18/06/2018 03:14:00 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.

Email this JSE Sens Item to a Friend.

Share This Story