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Stock Market & Financial Investment News

News Breaks
July 9, 2014
09:14 EDTAAUAlmaden hits 62 meters of 0.96 g/t Au at Ixtaca, Mexico
Almaden Minerals announced the results from Almaden's ongoing 2014 Ixtaca Zone drill program at the company's 100% owned Tuligtic project, Mexico. Recently the company released a positive PEA on the Ixtaca deposit. The mineral resources incorporated into the PEA mine plan were comprised of 29% Measured, 55% Indicated and 16% Inferred. The results reported today are from drilling carried out subsequent to the 2014 resource update and PEA and designed to upgrade resources remaining in the inferred category to the higher confidence measured and indicated categories. Infill drilling is now complete and the company's 2014 drilling is currently focussed on exploring the large and highly prospective Tuligtic concession for gold-silver deposits.
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December 15, 2014
09:30 EDTAAUAlmaden to defer shareholder approval of the spin-out
Almaden Minerals announces that it will be deferring shareholder approval of the spin-out of its early stage exploration projects, royalty interests and certain other non-core assets, which was originally announced in the company's October 21 news release, to the company's 2015 annual general meeting, which is expected to be held on or about June 2015. Shareholder approval is being deferred to avoid the expense of an additional shareholders' meeting and to allow more time for an internal restructuring of the projects, royalty interests and assets to be spun out. The company considers the deferral to be a prudent cost saving opportunity given the market conditions while also providing shareholders more time to better understand the corporate reorganisation and its merits before voting. The company remains committed to the spin-out and does not believe that the deferral of the shareholder vote will place the transaction at risk, although current market conditions are very challenging and have worsened since the original spin-out announcement. The company will continue to monitor the market while it completes the internal restructuring and will provide updates accordingly. Under the proposed spin-out, Almaden's early stage exploration projects, royalty interests and other non-core assets will be transferred to a newly incorporated company. Almaden's current shareholders will receive shares of Spinco by way of a share exchange, pursuant to which each existing share of Almaden is exchanged for one "new" share of Almaden and 0.6 of a share of Spinco.

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