Financings
Alma Gold Announces Private Placement
ALMA · Price
Executive Summary
- Alma Gold Inc. announced a non‑brokered private placement of up to 15,000,000 units at $0.08 per unit, targeting gross proceeds of up to $1.2 million.
- Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.15 for five years.
- Proceeds will be used for general working capital and potential strategic initiatives.
Key Details
- Units Offered: Up to 15,000,000 units.
- Unit Price: $0.08 per unit.
- Gross Proceeds Target: Up to $1,200,000.
- Composition of Each Unit:
- 1 common share.
- 1 transferable common share purchase warrant.
- Warrant Terms: Right to acquire one additional share at $0.15 per share for a period of five (5) years from closing.
- Use of Proceeds: General working capital, including potential strategic initiatives under consideration.
- Statutory Hold Period: Four months and one day from issuance for all securities.
- Finder’s Fees: None will be paid in connection with the private placement.
- Regulatory Notices: Securities not registered in the United States; offering limited to non‑U.S. persons unless an exemption applies.
Notable Quotes
- “We are pleased to announce this financing, which provides us with the capital needed to advance our exploration programs and evaluate strategic opportunities.” – Gregory Isenor, President & CEO
The release includes standard forward‑looking statements and regulatory disclosures, which have been omitted for brevity.