TORONTO, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Minera Alamos Inc. (TSXV:MAI) (OTCQB:VGMTF) (the "Company" or "Minera Alamo") is pleased to announce it has received approval for an OTCQB listing in the United States. The Company’s common shares now trade on the OTCQB under the symbol VGMTF.
“We are pleased to announce the conclusion of our efforts to elevate the status of our share trading in the U.S. to the OTCQB,” said Darren Koningen, President and CEO of Minera Alamos. “The listing will provide enhanced access for the Company to investors in the world’s largest equity market. Management believes it will also create a wider awareness of the Company’s ongoing progress as it advances the La Fortuna gold project towards production.”
About Minera Alamos
Minera Alamos is an advanced stage exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Los Verdes open pit copper-molybdenum project in Sonora. The Company is well financed to conduct all of its planned exploration and development activities and continues to pursue additional project acquisitions in Latin America.
OTCQB Marketplace
The OTCQB Marketplace is for developing U.S. and international companies. An OTCQB listing increases investor confidence by knowing that companies are current in their reporting and will undergo an annual verification and management certification process. Investors in OTCQB listed companies have access to greater information available through the OTC Disclosure & News Service as well as transparent prices through full depth of book with Real Time Level 2 quotes. Investors can find Real-Time Level 2 quotes and market information for Minera Alamos on www.otcmarkets.com.
CONTACT INFORMATION:
Minera Alamos Inc
Darren Koningen, President & CEO
416-306-0990 ext 201
Patrick Piette, Investor Relations
416-306-0990 ext 203
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain "forward-looking statements”, which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur, including funding and exercise of royalty options contemplated under the Investment Agreement with Osisko Gold Royalties Ltd, on the terms provided for therein or at all, the expected timing for release of an updated resource and reserve estimate and a preliminary economic assessment on Fortuna and whether or not the assessment will conclude that mineral production is feasible on a technical or economic basis, and the ability to successfully develop other mineral exploration properties now or in the future. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos’ mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production. Minera Alamos’ financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: the absence of funding resulting from a determination by Osisko Gold Royalties Ltd not to exercise the royalty options contemplated under the Investment Agreement on the terms provided for therein or at all; an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos’ activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.
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