Alphamin Announces Increase in Issue Price and Shareholder Approval Obtained for Previously Announced Private Placement
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News Release 2013-22
ALPHAMIN ANNOUNCES INCREASE IN ISSUE PRICE AND SHAREHOLDER APPROVAL OBTAINED FOR PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
VANCOUVER, CANADA – December 26, 2013 – Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased to announce that the terms of the private placement previously announced on December 3, 2013 have been amended such that the offer price has increased from $0.12 to $0.135 per share. The private placement continues to be for 100,000,000 common shares (the “Shares”), for total proceeds of $13,500,000 (the “Private Placement”).
The Company also wishes to announce that the requisite majority shareholder approval required in connection with Private Placement has also been obtained by way of consent resolution.
Tremont Master Holdings will be the sole purchaser of the Shares and, upon closing of the Private Placement, will own approximately 39.81% of the shares of the Company on an undiluted basis.
The Company intends to use the proceeds from the Private Placement for the further exploration and development of the Bisie Tin Project (the “Bisie Project”), a tin asset located in the Democratic Republic of Congo.
About Alphamin
Alphamin is a TSX Venture Exchange listed tin explorer and developer. The Company’s strategy is to locate next generation tin assets and leverage our exploration and development expertise to create sustainable tin production. The Company’s primary focus during this year is to realise the potential of the Bisie Project located in the Democratic Republic of Congo.
About Tremont
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Tremont Master Holdings is a Mauritius-based investment company focused on African exploration and mining opportunities.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ross Doyle”
Ross Doyle, Chief Financial Officer
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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