trending Market Intelligence /marketintelligence/en/news-insights/trending/pYR_9JFVqyB8yVsU1-fW5A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Alphamin launching C$16M private placement to finish Bisie tin project

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Alphamin launching C$16M private placement to finish Bisie tin project

Alphamin Resources Corp. intends to raise up to C$16.0 million, or about US$12 million, through a nonbrokered private placement to finish its Bisie tin project in the Democratic Republic of the Congo.

The company is offering up to 79.8 million equity units at 20 Canadian cents apiece, with each unit comprising one share and one warrant exercisable at 30 cents for 36 months.

Alphamin announced in early March that it was in discussion with lenders to provide a working capital of up to US$12 million to cover the estimated C$9 million shortfall in project funding that was caused by various delays.

In a March 19 release, the company said it determined to not seek a loan and proceed with a private placement, up to 60% of which are expected to be subscribed by company insiders.