Brief: Almaden Minerals Enters Secured Gold Loan Agreement With Almadex Minerals Ltd

Almaden Minerals

14/05/2019 22:19

May 14 (Reuters) - Almaden Minerals Ltd  AMM.TO :
    * ALMADEN MINERALS LTD. ENTERS INTO SECURED GOLD LOAN
AGREEMENT WITH ALMADEX MINERALS LTD.
    * ALMADEN MINERALS LTD - PURSUANT TO AGREEMENT ALMADEX HAS
AGREED
TO LOAN UP TO 1,597 OUNCES OF GOLD TO ALMADEN, APPROXIMATE VALUE
OF THIS GOLD IS $2 MILLION.
    * ALMADEN MINERALS LTD - MATURITY DATE FOR GOLD LOAN IS
MARCH 31,
2024
    * ALMADEN MINERALS LTD - UNDER TERMS OF GOLD LOAN, ALMADEN
WILL BE
ENTITLED TO DRAW-DOWN GOLD IN MINIMUM 400 OZ TRANCHES

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