|Bid||0.2350 x 0|
|Ask||0.2400 x 0|
|Day's Range||0.2350 - 0.2350|
|52 Week Range||0.2000 - 0.3100|
|Beta (3Y Monthly)||-0.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.07|
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. GRAND BAIE, Mauritius, April 30, 2019 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM: TSXV, “Alphamin” or the “Company”) is pleased to announce that it has commenced hot commissioning at its flagship Bisie Tin Project (“Bisie”). Wet commissioning, whereby the plant runs on water, was completed in the week commencing April 22, 2019.
Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that it has completed its previously announced non-brokered private placement of equity units (“Units”) raising gross proceeds of C$15,960,000 (approximately US$12 million) from the sale of 79,800,000 Units (the “Offering”). The Units were offered and sold at a price of C$0.20 per Unit with each Unit consisting of one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of C$0.30 until April 8, 2022.
Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that it intends to proceed with a non-brokered private placement of up to 79,800,000 equity units (the “Units”) to raise gross proceeds of up to C$15,960,000 (approximately US$12 million) (the “Proposed Offering”). The Company has determined to fund its anticipated working capital shortfall with equity through the Proposed Offering instead of debt and the previously announced proposed working capital facility from its lenders is not being proceeded with. Each Unit will be priced at C$0.20 and will consist of one common share in the capital of the Company (each, a “Share”) and one common share purchase warrant (each, a “Warrant”).
Alphamin Resources Corp. (AFM: TSXV, “Alphamin”, or the “Company”) is pleased to announce an update to the development status of its flagship tin project in the DRC. In connection with the previously announced change of mining method to a cut and fill method, a detailed mine schedule for 2019 and 2020 has been received. Production of ore from the cut and fill stoping operation has now commenced.