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

Core Viewpoint - Minera Alamos Inc. has successfully closed a private placement offering of C$3,500,000, issuing 8,750,000 Units at a price of C$0.40 per Unit, which includes common shares and purchase warrants [1] Group 1: Private Placement Details - The private placement involved the issuance of 8,750,000 Units, each consisting of one common share and one purchase warrant, with the warrants allowing the purchase of additional shares at C$0.705 for 36 months [1] - Executive Vice President, Corporate Development, Mr. Darren Blasutti, subscribed for 2,500,000 Units, contributing C$1,000,000 to the offering, which raised related party considerations under TSX Venture Exchange Policy 5.9 [2] - No finders fees were paid in connection with the placement, and all issued securities are subject to a hold period of four months and one day [3] Group 2: Financial Obligations and Settlements - The company plans to settle a contractual obligation of C$2,000,000 with an arm's length third party by issuing 4,651,163 shares at a price of C$0.43 per share, pending approval from the TSX Venture Exchange [4] Group 3: Company Overview - Minera Alamos is a North American gold production and development company, owning the Pan Operating Complex, which includes the Pan heap leach gold mine and the Gold Rock project, along with the Copperstone mine in Arizona [5] - The company has a portfolio of high-quality assets in Mexico, including the Santana open-pit mine and the Cerro de Oro oxide gold project, which is currently undergoing the permitting process [5] - The company aims to develop low capital expenditure assets while expanding resources and pursuing strategic acquisitions [5]