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Alpha Exploration (TSXV:AEX) announced it is increasing the previously announced non-brokered private placement of flow-through units to 4,555,555 units for gross proceeds of $820,000. The offer is expected to close by October 10, 2014.
According to the press release:
[The placement] will now be comprised of up to 4,555,555 flow-through units at a price of $0.18 per FT Unit for aggregate gross proceeds of up to $820,000. Each FT Unit will consist of one flow-through common share and one-half of one warrant, entitling the holder to purchase one non-flow-through 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.
Click here to read the Alpha Exploration Inc. (TSXV:AEX) press release
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