Minera Alamos closes Guadelupe option assignment and acquisition of common shares of Prime Mining

On August 30, 2019, Minera Alamos Inc. (TSXV: MAI) announced that it had acquired 9,450,000 common shares in the capital of Prime Mining Corp. at a deemed price of $0.30 per common share as consideration for the assignment of an option agreement to which Minera Alamos is a party, representing approximately 16.1% of the outstanding common shares of Prime Mining.

Minera Alamos is an advanced-stage exploration and development company with a portfolio of high-quality Mexican development assets.

Gowling WLG advised Minera Alamos with respect to this transaction with a team that included Ian Mitchell and Josh Rosen.