By Sheri Kasprzak
Atlanta, April 20 - Alexis Minerals Corp. said it has closed an upsized private placement for C$15,348,474.
The company sold 12,681,250 flow-through shares at C$0.80 each and 6,937,966 units at C$0.75 each. The total includes C$2 million from the exercise of an over-allotment option.
The units include one common share and one half-share warrant. The full warrants allow for an additional share at C$1.00 each for two years.
The offering was first announced April 8, as a C$13 million deal comprised of 9.75 million flow-through shares and 6,933,333 units.
Placement agents were CIBC World Markets Inc. and Dundee Securities Corp.
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.
| Issuer: | Alexis Minerals Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$15,348,474 (includes greenshoe for C$2 million)
|
| Placement agents: | CIBC World Markets Corp. and Dundee Securities Corp.
|
| Pricing date: | April 8
|
| Settlement date: | April 20
|
| Stock price: | C$0.76 at close April 8
|
| Stock price: | C$0.78 at close April 19
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 12,681,250
|
| Price: | C$0.80
|
| Warrants: | No
|
|
|
| Units
|
| Issue: | Units of one share and one half-share warrant
|
| Units: | 6,937,966
|
| Price: | C$0.75
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
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