By Devika Patel
Knoxville, Tenn., July 7 - Alexandria Minerals Corp. said on Tuesday that it plans a C$5 million private placement of units.
The company will sell 25 million units at C$0.20 apiece. Each unit consists of one common share and a half-share warrant. Each full warrant is exercisable at C$0.25 for one year.
Settlement is expected on July 31.
Proceeds will be used for exploration, drilling and general corporate purposes.
Alexandria is a Toronto-based mineral exploration and development company.
| Issuer: | Alexandria Minerals Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$5 million
|
| Units: | 25 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Pricing date: | July 6
|
| Settlement date: | July 31
|
| Stock symbol: | TSX Venture: AZX
|
| Stock price: | C$0.185 at close July 6
|
| Market capitalization: | C$14.8 million
|
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