ALX Uranium arranges $750,000 private placement

Nov 21, 2019

2019-11-21 08:19 ET – News Release

Mr. Warren Stanyer reports

ALX URANIUM CORP. ANNOUNCES NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

ALX Uranium Corp. has arranged a non-brokered private placement of up to 15 million flow-through units at five cents per FT unit for gross proceeds of up to $750,000.

Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant in the capital of the company. Each common share purchase warrant is exercisable into one common share of the company for a period of 36 months from closing at a price of eight cents per common share.

Finders’ fees may be payable in connection with this private placement. All the securities issuable will be subject to a four-month hold period from the date of closing.

The proceeds received from the FT units will be used by the company to incur qualified Canadian exploration expenses for exploration of the company’s mineral exploration properties in Saskatchewan and Ontario.

About ALX Uranium Corp.

ALX’s mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties in Northern Saskatchewan, Canada, a superior mining jurisdiction.

We seek Safe Harbor.

https://www.alxuranium.com/