Altamira Gold Corp. , is pleased to announce that it has closed its previously announced non-brokered private placement, consisting of a total of 52,850,000 units at a price of $0.10 per Unit for aggregate gross proceeds of $5,285,000 . Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of C$0.15 for a period of 24 months from the closing of the Offering. Due to strong investor demand, the Offering was increased from the initial $4 million to $5.28 million. Crescat Capital LLC and
Aura Minerals Inc. , two of the Company's largest shareholders and strategic investors, participated in the private placement. Kevin Smith, CFA, Founder and CE...