Alpha Exploration (AEX-V) Oct 3rd 2014, is pleased to announce that it has completed the first tranche of a non-brokered private placement and issued 2,962,777 flow-through units consisting of one flow-through common share and one-half of one share purchase warrant at a price of $0.18 per FT Unit.
Each whole Warrant will entitle the holder to purchase one common share at $0.25 per share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant. Accordingly, the Company has issued a total of 2,962,777 common shares and 1,481,387 Warrants in return for gross proceeds of $533,300.
The Company intends to use the proceeds from the Offering to fund exploration expenditures on its portfolio of mineral properties in the Athabasca Basin in northern Saskatchewan. The Company paid $16,567 as finder’s fees in connection with the Offering.
About Alpha Exploration Inc.
Alpha is a junior mineral exploration company focused on uranium in the Athabasca Basin in northern Saskatchewan, Canada. Its common shares are listed on the TSX Venture Exchange under the symbol “AEX”. The Company actively explores a portfolio of early-stage properties, and continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition.
On behalf of the Board of Directors of Alpha Exploration Inc.
“Dr. Michael H. Gunning”
Interim CEO and Chairman |
