ALX Uranium Announces CA$300,000 Private Placement
ALX Uranium Corp. (TSX.V: AL) has announced a non-brokered private placement of up to 3,000,000 flow-through units (“FT Units”) at $0.10 per FT Unit for gross proceeds of up to $300,000.
Each FT Unit consists of one flow-through common share and one non flow-through common share purchase warrant in the capital of the Company. Each common share purchase warrant (a “Warrant”) is exercisable into one common share of the Company for a period of 24 months from closing at a price of $0.15 per common share.
Finders fees may be payable in connection with this private placement.
All the securities issuable will be subject to a four-month hold period from the date of closing.
The proceeds received from the FT Units will be used by the Company to incur qualified Canadian Exploration Expenses for exploration of the Company’s uranium projects in the Athabasca Basin of Saskatchewan, Canada.
About ALX Uranium
ALX Uranium Corp. was formed as the result of a business combination between Lakeland Resources Inc. and Alpha Exploration Inc. ALX is based in Vancouver and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol “6LLN” and in the United States OTCQX under the symbol “ALXEF”. ALX is actively exploring a portfolio of early-stage properties.
Source: ALX Uranium