Alliance Mining Corp.: Update, April 28
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2015) - Alliance Mining Corp. (TSXV: ALM) (the "Company") has closed the first tranche of the private placement further to the Company's news release dated April 8, 2015. The first tranche consists of 5,388,000 units and the Company announces Aug. 24, 2015, as the hold period expiry date in respect of the shares comprising the units and the shares issued upon exercise of the shares purchase warrants.
The Company also announces that Mr. Travis Snyder has stepped down as a director of Alliance Mining Corp. The Company would like to thank Mr. Snyder for his service to the Company as a director.
About Alliance
Alliance mining has been focused on acquiring and delineating highly prospective gold and silver mineral properties in Arizona's most prolific gold producing area - Yavapai County, located in central Arizona. Over the past decade the Company has built up an extensive inventory of geologically significant properties, most of which have had gold and silver production in the past century.
ON BEHALF OF THE BOARD
Anonymous director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 628-6645
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of them TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
