Alpha Amends Private Placement
VANCOUVER, Nov. 21, 2012 /CNW/ - Alpha Minerals Inc. (TSXV: AMW), (the "Company" or "Alpha"), announced that it has amended the non-brokered private placement that was announced earlier today such that the gross proceeds of Offering have been increased from $3,000,000 to up to $4,000,000. All other terms of Offering remain unchanged.
Patterson Lake South Property
The 31,039-hectare PLS project is a 50-50 joint venture held by Alpha Minerals Inc. and Fission Energy Corp. Fission is the current operator. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine (greater than 60 million pounds of of triuranium octoxide produced) and passes through the nearby UEX-Areva Shea Creek discoveries (with resources of about 88 million pounds of U3O8) located 50 kilometres to the north, currently under active exploration and development. Please visit the Company's website for all the latest information www.alphaminerals.ca .
On behalf of the Board of Directors of Alpha Minerals Inc.
President and CEO
Please refer to the Alpha Minerals Inc. website for further and updated information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
SOURCE: Alpha Minerals Inc.For further information:
For corporate communications please contact:
Robert (Bob) Meister
Alpha Minerals Inc.
Phone: (604) 629-0293
Toll Free: 1-866-629-0293