By Devika Patel
Knoxville, Tenn., June 20 - Alexandria Minerals Corp. said it will conduct a C$1 million non-brokered private placement of units.
The company will sell 6,666,667 flow-through units at C$0.15 apiece. Each unit consists of one flow-through common share and a half-share warrant. Each whole warrant is exercisable for two years at C$0.25.
Settlement is expected June 30.
Proceeds will be used to fund exploration activities.
Alexandria is a Toronto-based mineral exploration and development company.
| Issuer: | Alexandria Minerals Corp.
|
| Issue: | Units of one flow-through common share and a half-share warrant
|
| Amount: | C$1 million
|
| Units: | 6,666,667
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agents: | Non-brokered
|
| Pricing date: | June 20
|
| Settlement date: | June 30
|
| Stock symbol: | TSX Venture: AZX
|
| Stock price: | C$0.11 at close June 19
|
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