AME holds an option to earn up to a 75% interest in the Property. Under the original agreement, which was announced on
To date, AME has not completed the necessary
Upon completion of this amendment, Almadex will own approximately 2,375,000 shares of AME. Almadex looks forward to AME’s continued exploration of this Property.
Almadex also announces that, pursuant to its Stock Option Plan, it has granted stock options to directors and an officer of the Company to purchase an aggregate 330,000 common shares in the capital of the Company at an exercise price of
About Almadex
On behalf of the Board of Directors,
“J. Duane Poliquin”
Neither the
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release relating to the Company include, among other things, the completion of AME’s required expenditures on the Property and the results of AME’s exploration efforts, if any, on the Property. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability, relationships with third-party clientele and their willingness or ability to continue to use the Company’s drills for exploration, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.
Contact Information:
Tel. 604.689.7644
Email: info@almadexminerals.com
http://www.almadexminerals.com/
Source:
2023 GlobeNewswire, Inc., source