12:57 PM EDT, 09/17/2025 (MT Newswires) -- Minera Alamos ( MAIFF ) on Wednesday closed a bought-deal private placement of subscription receipts, raising $135 million.

The company said it issued 380.3-million subscription receipts priced at C$0.355, including the full exercise of the underwriters' over-allotment option.

Each subscription receipt will be automatically exchanged for one share and a three-year warrant to buy a share for C$0.705. The company said proceeds from the offering will be used to fund the upfront cash consideration for the recently announced acquisition of Equinox Gold's Pan Mine, Gold Rock Project and Illipah Project.

"This acquisition offers the potential to unlock significant value in our late-stage project development pipeline and allows the Company to leverage internal cash flow to significantly grow the Company's production profile over the next few years," said Chief Executive Darren Koningen.

Shares of the company were last seen up $0.01 to $0.36 on the TSX Venture Exchange.

Price: 0.37, Change: +0.02, Percent Change: +4.29