By Laura Lutz
Des Moines, June 13 - Alpha Gold Corp. closed a private placement of units for C$4,116,488.70.
The company sold 3,060,496 flow-through units at C$0.75 each and 2,801,718 non flow-through units at C$0.65 each.
The flow-through units each consist of one flow-through share and one half-share non flow-through warrant, and each non flow-through unit consists of one non flow-through share and one half-share non flow-through warrant.
Each warrant will be exercisable at C$0.90 until May 28, 2008.
The placement was non-brokered.
Proceeds will be used for exploration and drilling and for working capital.
Alpha Gold is a mineral exploration company based in Coquitlam, B.C.
| Issuer: | Alpha Gold Corp.
|
| Issue: | Units of one flow-through share and one half-share non flow-through unit; units of one non flow-through share and one half-share non flow-through unit
|
| Amount: | C$4,116,488.70
|
| Agent: | Non-brokered
|
| Settlement date: | June 13
|
| Stock symbol: | TSX Venture: ALQ
|
| Stock price: | C$0.74 at close June 12
|
|
|
| Flow-through units
|
| Units: | 3,060,496
|
| Price: | C$0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | May 28, 2008
|
| Warrant strike price: | C$0.90
|
|
|
| Non flow-through units
|
| Units: | 2,801,718
|
| Price: | C$0.65
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | May 28, 2008
|
| Warrant strike price: | C$0.90
|
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