Alexis Minerals plans private placement for up to C$10 million

By Sheri Kasprzak

Atlanta, April 1 - Alexis Minerals Corp. said it will raise up to C$10 million in a private placement.

The offering includes flow-through shares and units at a price to be determined based upon market conditions.

The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at a price to be determined for two years.

CIBC World Markets Inc. and Dundee Securities Inc. are the placement agents in the offering.

Based in Toronto, Alexis is a mineral exploration and development company. The proceeds will be used for exploration in the Rouyn-Noranda and Val d'Or areas of Quebec and for general corporate purposes.

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