Canadian explorer Minera Alamos’ (TSXV: MAI) stock was up on Friday, following the announcement that it has acquired 9.4 million common shares in the capital of Prime Mining (TSXV: EPWR). As part of the deal, Minera acquired warrants to purchase up to 3.3 million additional common shares of prime at a price of C$0.50 per common share. The securities issued will be subject to a statutory hold period in Canada expiring four months and one day from the closing date, being December 28, 2019, the company said in a media release. Minera currently has three exploration assets in Mexico, including the La Fortuna open pit gold project in Durango. At market close Friday, Minera’s stock was up over 12% on the TSX. The company has a C$64 million market capitalization. Source: Mining.com
