Alphamin Resources announced yesterday June 18, it has successfully completed a C$19.2 million ($15 million) fundraising through the private placement previously announced in late May. The money will be used to advance the development of its Bisié tin project (DR Congo) where construction works started in April 2017 and is scheduled to end in Q1, 2019.

In this framework, the company issued 76.8 million common shares at C$0.25 each, including a subscription for 512,000 shares by CEO Boris Kamstra. The JSE and TSXV-listed company co-operates Bisie project jointly with the Congolese government and Industrial Development Corporation (IDC). 

Louis-Nino Kansoun