news Almaden acquires 26.75 million Gold Mountain shares
2015-06-19 16:39 ET - News Release
See News Release (C-AMM) Almaden Minerals Ltd
Mr. Morgan Poliquin of Almaden reports
ALMADEX MINERALS LIMITED ANNOUNCES HOLDINGS IN GOLD MOUNTAIN MINING CORP.
Almaden Minerals Ltd.'s Almadex Minerals Ltd. has obtained control or direction over 26.75 million common shares of Gold Mountain Mining Corp. Almadex now holds approximately 38.8 per cent of the issued and outstanding shares of the issuer, as calculated in accordance with National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues).
Almadex is a wholly owned subsidiary of Almaden Minerals Ltd. As part of Almaden's reorganization, the shares were transferred to Almadex. Almadex will disclose all future changes in its securityholdings of the issuer in accordance with Part 4 of NI 62-103.
Almadex holds the shares for investment purposes. In the future, Almadex may acquire ownership and control over additional securities of the issuer for investment purposes. Almadex is not currently a party to any agreement in respect of the acquisition, holding, disposition or voting of any other securities of the issuer.
Additional information on this matter is provided in the early warning report of Almadex, filed under the issuer's profile on SEDAR.
We seek Safe Harbor.