April 28 (Reuters) - Alphamin Resources Corp AFM.V :
* JSE: APH - PROPOSED PRIVATE PLACEMENT, AGREEMENT IN PRINCIPLE FOR IMPROVED DEBT TERMS AND INITIATION OF GROWTH PROJECTS
* ALPHAMIN RESOURCES CORP - PROPOSED NON BROKERED PRIVATE PLACEMENT OF UP TO US$35M TO SIGNIFICANTLY REDUCE DEBT
* ALPHAMIN - TO PROCEED WITH NON-BROKERED PRIVATE PLACEMENT OF MINIMUM OF 302.1 MILLION SHARES, MAXIMUM OF 352.5 MILLION SHARES TO RAISE GROSS PROCEEDS
* ALPHAMIN RESOURCES CORP - PROCEEDS FROM PROPOSED OFFERING WILL BE USED PRIMARILY TO PREPAY AT LEAST US$31 MILLION OF PRINCIPAL UNDER CREDIT FACILITY
* ALPHAMIN RESOURCES CORP - EXPECTS CONTAINED TIN PRODUCTION OF BETWEEN 2,400T AND 2,600T2 FOR QUARTER ENDING JUNE 2020