VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Alphamin Resources Corp. (TSX VENTURE:AFM) (the "Company") wishes to announce that its non-brokered private placement announced February 26, 2013 has been increased from up to $5,000,000 to up to $5,430,000. The Company will now issue up to 27,150,000 common shares ("Shares") at $0.20 per Share. Finder's fees will be paid in accordance with the policies of the TSX Venture Exchange.
The Company intends to use the proceeds from the private placement for the exploration and development of its mineral properties in the Democratic Republic of the Congo and for general working capital purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross Doyle, Chief Financial Officer
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.