September 17, 2024 6:52 PM EDT | Source: Alma Gold Inc.
Vancouver, British Columbia–(Newsfile Corp. – September 17, 2024) – Alma Gold Inc. (CSE: ALMA) (“Alma Gold” or the “Company”) is pleased to announce an increase in the size of its non-brokered private placement, as outlined in the Company’s previous news release dated September 3, 2024. The Company now plans to issue up to 3,750,000 units of the Company (each, a “Unit”) at a price of $0.08 per Unit, for total gross proceeds of up to $300,000 (the “Private Placement”). Each Unit will consist of one common share (each a “Share”) and one transferable common share purchase warrant (each a “Warrant”). Each Warrant will allow the holder to acquire one additional Share at a price of $0.10 for a period of three (3) years from issuance. The Company anticipates closing the Private Placement on or around September 20, 2024.
The funds raised from the Private Placement will be utilized for general working capital purposes.
No finder’s fees will be awarded in connection with the Private Placement. All securities will be subjected to a statutory hold period of four months and one day from issuance, in compliance with applicable securities laws of Canada.
This news release is not an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Alma Gold Inc.
Alma Gold Inc. is a gold-focused exploration company located in Bedford, Nova Scotia. Through its subsidiary Karita Gold Corp., the company is engaged in exploration activities at the Karita West Project in northern Guinea, the Dialakoro project permits under application in the Siguiri Basin of Guinea, and owns the Clarence Stream North Gold Project in southwest New Brunswick, Canada.
For further information on Alma Gold Inc., please visit the company’s website at: https://almagoldinc.com.
On Behalf of the Board of Directors
“Gregory Isenor”
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information may include words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, and other similar words, or statements indicating certain events or conditions “may” or “will” occur. Forward-looking information entails risks, uncertainties, and other factors that could lead to actual events, results, and opportunities differing from those expressed or implied by such information. Factors influencing actual results may include, but are not limited to, changes in equity and debt markets, fluctuations in commodity prices, delays in obtaining necessary regulatory or governmental approvals, and the risks outlined in the Corporation’s management’s discussion and analysis available under the Corporation’s profile at www.sedarplus.ca. The forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including expectations regarding the receipt of all required governmental and regulatory approvals. While the Corporation deems the assumptions and factors used in preparing the forward-looking information to be reasonable, undue reliance should be avoided. The Corporation disclaims any intent or obligation to update or revise any forward-looking information, except as required by applicable securities laws.
To access the original source version of this press release, please visit https://www.newsfilecorp.com/release/223698
