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Almaden Minerals raises C$6.9M from exercised warrants

said July 19 thatit has raised about C$6.9 million through the exercise of 4,376,000 warrants, witha July 17 expiry date, at C$1.58 each.

The exerciseof the warrants increased the company's cash treasury to approximately C$13.8 millionand its outstanding share capital to 85,968,494 common shares.

According toAlmaden, its improved cash reserves will help rapidly advance the pre-feasibilityprogram to move the Ixtaca deposit at its Tuligtic gold-silver project in Mexico toward production.

The funds willalso support the project's exploration drill program, which will test both regionaland near-resource targets.