Toronto, Ontario--(Newsfile Corp. - June 10, 2015) - Norvista Capital Corporation (TSXV: NVV) ("Norvista") is pleased to announce that it has closed the purchase of 6,750,000 units (the "Units") of Minera Alamos Inc. (TSXV: MAI) ("Minera Alamos") at a price of $0.10 per Unit as part of a private placement (the "Financing") of 32,000,000 Units completed by Minera Alamos. Each Unit was comprised of one share (a "Share") and one share purchase warrant (a "Warrant"), with each such Warrant entitling Norvista to acquire one additional share of Minera Alamos at a price of $0.10 at any time prior to June 8, 2019. The 6,750,000 Shares underlying the Units purchased by Norvista represent approximately 17.3% of the issued and outstanding shares of Minera Alamos, on a non-diluted basis, after giving effect to the Financing. Upon exercise of the Warrants, Norvista would own approximately 17.9% of the shares of Minera Alamos, on a fully diluted basis, after giving effect to the Financing.
Minera Alamos intends to use the net proceeds from the Financing to advance its Los Verdes copper project in Mexico (refer to Minera Alamos' press release dated June 9, 2015) and for general working capital purposes.
The Shares issued to Norvista pursuant to the Financing will be subject to a four month and one day statutory hold period.
For further information contact:
Norvista Capital Corporation
4 King Street West, Suite 1500
Toronto, Ontario M5H 1B6
Tel: (416) 504-4171
Don Christie, President and COO
dchristie@norvistacapital.com
CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
