Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (13198)	6/12/2015 8:12:11 AM
From: Goose94	Read Replies (1) \| Respond to of 203026

Minera Alamos (MAI-V) June 12, '15 announced today that it has prepaid and fully redeemed $770,000 in convertible debentures secured against the Los Verdes project (see press release, September 23, 2014). "Our 100% owned Los Verdes project carries no NSR's and is now clear of any third party entitlements or interests." said Chris Frostad, Chief Executive Officer, Minera Alamos Inc. "The elimination of the company's debt will provide us with maximum flexibility when securing our project financing later this year." In addition, the Company has now closed the shares for debt transaction previously announce on June 4, 2015 whereby Minera Alamos agreed to issue 600,000 common shares at a deemed price of $0.10 per common share to settle $60,000 of indebtedness. All common shares issued in connection with this transaction are subject to a statutory hold period, expiring on October 12, 2015 in accordance with applicable securities legislation. About Minera Alamos Minera Alamos is a junior exploration and development company; its projects include the Los Verdes open pit copper-molybdenum porphyry project in Sonora, northern Mexico that is currently in development. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Minera Alamos Inc. Chris Frostad (416) 306-0990 www.mineraalamos.com