Minera Alamos Inc. announced a non-brokered private placement of 7,950,000 common shares at a price of CAD 0.55 per share for gross proceeds of CAD 4,372,500 on June 23, 2022. The transaction will include participation from Doug Ramshaw for 950,000 shares and an institutional shareholder subscribing for remaining shares worth CAD 3,850,000. No finder's fees will be paid in the transaction.

The shares will have a hold period of four months from closing of the transaction. The transaction is expected to close on or about July 15, 2022 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.