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ALX Uranium Corp. Closes Second Tranche of Non-brokered Private Placement
Feb. 01, 2016 10:53AM PST
Company NewsALX Uranium Corp. (TSXV:AL, OTCQX:ALXEF) closed the second tranche of its non-brokered private placement announced on December 29th 2015. The second tranche consisted of 4,195,000 Units at $0.05 per Unit for gross proceeds of $209,750. Including the proceeds of the first tranche, a total of $358,499.98was raised in the financing.
ALX Uranium Corp. (TSXV:AL, OTCQX:ALXEF) closed the second tranche of its non-brokeredprivate placement announced on December 29th 2015. The second tranche consisted of 4,195,000 Units at $0.05 per Unit for gross proceeds of $209,750. Including the proceeds of the first tranche, a total of $358,499.98was raised in the financing.
According to the company’s press release:
The unit consists of one common share and one share purchase warrant. Each share purchase warrant is exercisable into one common share of the Company for a period of 24 months from closing at a price of $0.10 per common share.
The Company paid a total finders fee of $10,080 and issued a total of 160,457 warrants exercisable at $0.10 per share for a period of 24 months from closing.