Minera Alamos Closes C$3,500,000 Private Placement; Darren Blasutti Subscribes for C$1,000,000

Executive Summary

• Minera Alamos closed a C$3.5 million private placement, issuing 8,750,000 units at C$0.40 per unit (each unit = 1 common share + 1 warrant).
• Executive Vice President Darren Blasutti purchased 2,500,000 units for C$1 million, constituting a related‑party transaction exempt from valuation and minority‑approval requirements under TSX Venture Exchange policies.
• The company will settle a C$2 million contractual obligation (subject to TSX Venture Exchange approval) by issuing 4,651,163 shares at C$0.43 per share to an arm’s‑length third party for insurance and bonding related to the Pan Operating Complex.

Key Details

• Placement Size: C$3,500,000 total gross proceeds.
• Unit Price: C$0.40 per unit; each unit includes 1 common share + 1 purchase warrant (exercise price C$0.705, 36‑month term).
• Units Issued: 8,750,000 units.
• Related‑Party Purchase: Darren Blasutti bought 2,500,000 units for C$1,000,000; transaction relied on MI 61‑101 exemptions (valuation <25% market cap, no minority approval required).
• No Finder’s Fees: The closing involved no finder’s fees.
• Holding Period: All securities subject to a lock‑up of four months and one day.
• Subsequent Share Issuance: Pending TSX Venture Exchange approval, the company will issue 4,651,163 common shares at C$0.43 per share to settle a C$2,000,000 arm’s‑length contractual obligation (insurance/bonding for Pan Operating Complex).

Notable Quotes

• No executive quotes were included in this release.