- ALX Resources Corp.(AL) has announced a non-brokered private placement of flow-through units for gross proceeds of up to $750,000
- The company will offer up to 15,000,000 FT units for $0.05 per unit
- Proceeds from the sale of FT Units will be used for exploration programs on the company’s Quebec, Saskatchewan, Ontario and Nova Scotia mineral exploration properties
- ALX Resources Corp is engaged in the acquisition, exploration, and development of uranium, energy, and gold
- ALX Resources Corp. (AL) opened at C$0.04
ALX Resources Corp.(AL) has announced a non-brokered private placement of flow-through units for gross proceeds of up to $750,000.
The company will offer up to 15,000,000 FT units for $0.05 per unit. Each FT unit will consist of one flow-through common share and one-half of one non-flow-through common share purchase warrant. One whole common share purchase warrant will entitle the holder to purchase one additional non-flow-through common share for a period of 36 months following the closing date of the offering.
Red Cloud Securities Inc. has agreed to act as a finder for ALX.
Finder’s fees will be payable to Red Cloud and other qualified finders consisting of 6.0 per cent in cash and 6.0 per cent in finder’s warrants.
All securities issued will be subject to a statutory four-month hold period.
Proceeds from the sale of FT Units will be used for exploration programs on the company’s Quebec, Saskatchewan, Ontario and Nova Scotia mineral exploration properties.
ALX Resources Corp is mainly engaged in the acquisition, exploration, and development of mineral properties which consist of uranium, energy, and gold.
ALX Resources Corp. (AL) opened at C$0.04.
