CA - ALX Resources increases size of flow-through units private placement to up to $1M
- ALX Resources ( OTCPK:ALXEF ) ( TSXV: AL:CA ) has increased the size of its non-brokered private placement of flow-through units for gross proceeds of up to $1M, considering investor demand.
- The offering will be available to Canadian accredited investors.
- The company has offered up to 20M units at a price of $0.05 per unit.
- Each unit consists of one flow-through share and one half of one non flow-through share purchase warrant.
- The proceeds will be used for exploration programs on the company's Quebec, Saskatchewan, Ontario and Nova Scotia mineral properties.
- Source: Press Release
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ALX Resources increases size of flow-through units private placement to up to $1M