By Laura Lutz
Washington, Dec. 11 - Alexandria Minerals Corp. closed an upsized private placement of non flow-through and flow-through units for C$2,389,790.
A second tranche for C$200,000 is expected to close within a few days.
In total, the placement will include 4.909 million non flow-through units at C$0.19 each and 6,904,499 flow-through units at C$0.24 each.
Each non flow-through unit consists of one non flow-through share and one half-share warrant, with each whole warrant exercisable for one non flow-through share at C$0.25 for one year.
Each flow-through unit consists of one flow-through share and one half-share warrant, with each whole warrant exercisable for one non flow-through share at C$0.34 for one year.
The deal priced on Nov. 8 as a C$2 million sale of up to 5,263,158 non flow-through units and up to 4,166,667 flow-through units.
Proceeds will be used for corporate activities and exploration.
The deal is non-brokered.
Alexandria is a Toronto-based mineral exploration and development company.
| Issuer: | Alexandria Minerals Corp.
|
| Issue: | Units of one flow-through share and one non flow-through warrant and units of one non flow-through share and one non flow-through unit
|
| Amount: | C$2,589,790
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 8
|
| Settlement date: | Dec. 11 (for C$2,389,790)
|
| Stock symbol: | TSX Venture: AZX
|
| Stock price: | C$0.19 at close Dec. 11
|
|
|
| Flow-through units
|
| Units: | 6,904,499
|
| Price: | C$0.24
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.34
|
|
|
| Non flow-through units
|
| Units: | 4.909 million
|
| Price: | C$0.19
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
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