Alpha Minerals Announces Bought Deal Private Placement

 Alpha Minerals Inc. (TSXV:AMW) announced a bought deal private placement of 1,200,000 flow through shares and 500,000 non flow-through units. The Company entered into an agreement with Salman Partners Inc., Cormark Securities Inc. and Raymond James Ltd., who are collectively the “Underwriters” and the flow through shares will be offered at $4.40 per share for total proceeds of $5,280,000, and the non-flow through units will be offered at $4.00 per unit for total proceeds of $2,000,000.

As quoted in the press release:

Each NFT Unit consists of one common share and one-half of one share purchase warrant, where each whole warrant entitles the holder to purchase one common share at a price of $5.00 per share for a period of 24 months. The Underwriters will receive a commission equal to 5% of the gross proceeds of the Offering and broker warrants entitling them to purchase that number of common shares equal to 3% of the Flow-Through Shares and Non Flow-Through units sold under the Offering. Each broker warrant is exercisable into one common share of Alpha Minerals at the price of $4.40 for a period of 24 months of Closing.

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