By Laura Lutz
Des Moines, Aug. 1 - Alpha Gold Corp. has closed a private placement for C$1,399,690.
The company sold 717,725 non flow-through units and 2,781,500 flow-through units for C$.40 each.
Each unit consisted of one common share and one half-share warrant. Each whole warrant is exercisable for C$0.60 until July 28, 2007.
The deal was non-brokered.
Proceeds will be used to fund exploration at the company's Lustdust Property in central British Columbia and for working capital.
Coquitlam, B.C.-based Alpha Gold is a mineral exploration company.
| Issuer: | Alpha Gold Corp.
|
| Issue: | Non flow-through units of one non flow-through share and one half-share warrant and flow-through units of one flow-through share and one half-share warrant
|
| Amount: | C$1,399,690
|
| Placement agent: | Non-brokered
|
| Closing date: | Aug. 1
|
| Stock symbol: | TSX Venture: ALQ
|
| Stock price: | C$0.47 at close July 31
|
|
|
| Non flow-through units
|
| Units: | 717,725
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | July 28, 2007
|
| Warrant strike price: | C$0.60
|
|
|
| Flow-through units
|
| Units: | 2,781,500
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | July 28, 2007
|
| Warrant strike price: | C$0.60
|
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