- ALX Resources’ (AL) previously-announced non-brokered private placement has been increased for gross proceeds of up to $1,300,000
- The company will issue up to 20,000,000 FT units at $0.05 per FT unit and up to 7,500,000 NFT units will be offered at a price of $0.04 per NFT unit
- Proceeds from the sale of FT units will be used for exploration programs on the company’s exploration properties
- Proceeds from the sale of NFT units will be used for general corporate purposes
- 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’ (AL) previously-announced non-brokered private placement has been increased for gross proceeds of up to $1,300,000.
The company will issue up to 20,000,000 FT units at $0.05 per FT unit. Each unit consists of one flow-through common share and one-half of one non-flow-through common share purchase warrant. One whole warrant will entitle the holder to purchase one non-flow-through common share at $0.075 for 36 months following the closing date of the offering.
Up to 7,500,000 NFT units will be offered at a price of $0.04 per NFT unit. Each NFT unit consists of one common share and one-half of one common share purchase warrant. One whole warrant will entitle the holder to purchase one common share at $0.075 for 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. Proceeds from the sale of NFT units will be used for general corporate purposes.
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.
