May 14 (Reuters) - Almaden Minerals Ltd AMM.TO :
* ALMADEN MINERALS LTD. ENTERS INTO SECURED GOLD LOAN AGREEMENT WITH ALMADEX MINERALS LTD.
* ALMADEN MINERALS LTD - PURSUANT TO AGREEMENT ALMADEX HAS AGREED TO LOAN UP TO 1,597 OUNCES OF GOLD TO ALMADEN, APPROXIMATE VALUE OF THIS GOLD IS $2 MILLION.
* ALMADEN MINERALS LTD - MATURITY DATE FOR GOLD LOAN IS MARCH 31, 2024
* ALMADEN MINERALS LTD - UNDER TERMS OF GOLD LOAN, ALMADEN WILL BE ENTITLED TO DRAW-DOWN GOLD IN MINIMUM 400 OZ TRANCHES