Alpha Exploration Increases Private Placement

 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.

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