VANCOUVER, BC–(Marketwired – February 27, 2017) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 2,496,000 units (“Units”) at $1.35 per Unit. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each such whole share purchase warrant, a “Warrant”). Each Warrant allows the holder to purchase one common share of the Company at a price of $2.00 per share until August 27, 2019. Fees consisting of $106,650.00 in cash and warrants to purchase 44,400 common shares at a price of $1.35 per common share until August 27, 2019 were paid to arms-length finders on a portion of the placement. All securities issued in connection with the private placement are subject to a hold period in Canada which expires on June 28, 2017.
