TORONTO, ONTARIO--(Marketwired - Sept. 23, 2014) - Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) is pleased to announce that it has closed the final tranche of its previously reported debt restructuring transaction (Minera Alamos press release dated August 20, 2014). The Company received final approval from the TSX Venture Exchange ("TSXV") on September 22, 2014 to close on the issuance of $125,000 in convertible debentures, of a total of $770,000 in convertible debentures issued.
In connection with the issuance of the replacement debentures, the Company has issued 223,630 common shares in the capital of the Company (the "Shares") at a deemed price of $0.20 per Share as payment for $44,726 in interest owed on the above-extinguished debt. The shares for debt transaction, which has been carried out pursuant to Policy 4.3 - Shares for Debt of the TSXV Corporate Finance Manual, was initially announced in the August 20, 2014 release. The Shares will be subject to a hold period of four months and a day after the distribution date.
About Minera Alamos
Minera Alamos is a junior exploration and development company; its projects include the Los Verdes copper-molybdenum porphyry project in Sonora, northern Mexico that is currently the subject of a pre-feasibility study.
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.
Contact Information:
Chris Frostad
(416) 306-0990
www.mineraalamos.com