By Devika Patel
Knoxville, Tenn., Sept. 24 - Alexis Minerals Corp. said it plans to conduct a C$3 million private placement of stock.
The company will sell 4 million flow-through common shares at C$0.75 apiece.
Settlement is expected Oct. 7.
The deal will be conducted by lead agent Raymond James Ltd. There is a greenshoe for C$1 million, or 1,333,333 shares.
Proceeds will be used for exploration.
Toronto-based Alexis is a mineral exploration company focused on gold and base metals.
| Issuer: | Alexis Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3 million
|
| Greenshoe: | C$1 million, or 1,333,333 shares
|
| Shares: | 4 million
|
| Price: | C$0.75
|
| Warrants: | No
|
| Agent: | Raymond James Ltd. (lead)
|
| Pricing date: | Sept. 24
|
| Settlement date: | Oct. 7
|
| Stock symbol: | Toronto: AMC
|
| Stock price: | C$0.53 at close Sept. 23
|
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