Almaden Minerals Ltd. Enters into Secured Gold Loan Agreement with Almadex Minerals Ltd.Secured Gold Loan Agreement • May 14th, 2019 • Almaden Minerals LTD • Metal mining
VANCOUVER, B.C., May 14, 2019 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or the “Borrower”; TSX: AMM; NYSE American: AAU) has entered into a secured gold loan agreement (“Gold Loan”) with Almadex Minerals Ltd. (“Almadex” or the “Lender”; TSX.V: DEX) pursuant to which Almadex has agreed to loan up to 1,597 ounces of gold to Almaden. The approximate value of this gold is US$2 million.
