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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Post by frankmanon Sep 27, 2017 1:08am
106 Views
Post# 26746243

As predicted financing coming $90 -$100 MILLION sought

As predicted financing coming $90 -$100 MILLION sought"and is looking to raise between $90 and $100 million in project financing. To date varying types of financing options have been contemplated and a number of indicative proposals have been received which are currently being reviewed. The proposals will be narrowed down and the Company expects to move forward with select proposals to pursue a financing package"

"The financing is expected to be arranged over the next six months with conditions precedent for drawing that include the DFS being complete and in-line with the PFS."

Add this to the last mega financing. They are telling you it is coming. At least sell to get the free warrants if available to you meagre minions. Others will be. More debt/equity financing coming.This could take six months. Who knew?
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