- ALX Resources Corp. (AL) has closed the second tranche of its previously announced non-brokered private placement for gross proceeds of $245,000
- Under the second tranche, the company issued 6,125,000 non-flow-through units at $0.04 per NFT unit
- The second tranche of the offering is expected to close on or about November 21
- 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 closed the second tranche of its non-brokered private placement for gross proceeds of $245,000.
Under the second tranche, the company issued 6,125,000 non-flow-through units at $0.04 per NFT unit. Each NFT unit consists of one common share and one-half of one common share purchase warrant. One whole purchase warrant entitles the holder to purchase one common share for a period expiring November 17, 2025.
ll securities issued in the first tranche will be subject to a statutory hold period expiring March 18, 2023.
ALX intends to use the proceeds for general office expenses, accounting and legal fees.
The company anticipates the closing of the second tranche of the non-brokered private placement to occur on or about November 21, 2022.
ALX Resources Corp. owns interests in a diverse portfolio of mineral properties and explores for nickel-copper-cobalt, uranium, and gold in Canada and VMS in Scandinavia.
ALX Resources Corp. opened trading at C$0.04.