Alamos Minerals Completes $2,050,000 Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 15, 2002 Alamos Minerals Ltd. (TSX VENTURE:AAS AAS - Associate in Applied Sciences AAS - Aarskog Syndrome AAS - Aarskog-Scott Syndrome AAS - Academy of Applied Science AAS - Acid Addition System AAS - Acoustic Assessment System AAS - ACTA Apostolicae Sedis AAS - Acute Abdominal Series (x-ray type) AAS - Adaptive Antenna System AAS - Adult Attachment Scale AAS - Advanced Array Sensor AAS - Advanced Authoring System (text adventure creation platform) AAS - Advanced Automated System (FAA)) announces the completion of the non-brokered private placement announced September 30, 2002 of 5,125,000 units at a price of $0.40 per unit. Each unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant. One warrant entitles the holder thereof to purchase one additional share on or before October 11, 2003 at a price of $0.45 per share. The shares and any shares issued on exercise of the warrants are subject to a hold period expiring February 11, 2003. A 7% finders fee is payable in connection with the financing. Proceeds from the private placement totaling $2,050,000 will be used by Alamos Minerals towards the acquisition cost of the Salamandra Property in Mexico, for advancement of the work program underway on the property, and for general working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS ALAMOS MINERALS LTD. Chester F. Millar, Chairman, President and CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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