Almaden Minerals (AMM-T) July 19, '16 is pleased to report that a total of $6,914,080 has been raised through the exercise of 4,376,000 warrants with an exercise price of $1.58 and expiry date of July 17, 2016. Almaden currently has a cash treasury of approximately $13.8 million, and a total of 85,968,494 common shares outstanding.
J. Duane Poliquin, chairman of Almaden commented: "We are gratified by the continued support of our shareholders. With this improved treasury, Almaden is well positioned to rapidly advance the pre-feasibility program, as we move Ixtaca towards a production decision, and continue the exploration drilling program which will be testing both regional and near resource targets."
About Almaden
Almaden owns 100% of the Tuligtic project in Puebla State, Mexico, subject to a 2% NSR royalty held by Almadex Minerals Limited. Tuligtic covers the Ixtaca gold/silver deposit, which was discovered by Almaden in 2010.
On Behalf of the Board of Directors
"Morgan Poliquin"
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
Almaden Minerals Ltd.
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: info@almadenminerals.com
http://www.almadenminerals.com/ |
