Alpha Exploration Inc. Increases Private Placement of Flow-Through Units to $820,000
29.09.2014 | Newsfile
Vancouver, Sept. 29, 2014 - Alpha Exploration Inc. (TSXV: AEX) ("Alpha" or the "Company") is pleased to announce that it is increasing its previously announced non-brokered private placement of flow-through units. It will now be comprised of up to 4,555,555 flow-through units ("FT Unit") at a price of $0.18 per FT Unit for aggregate gross proceeds of up to $820,000 (the "Offering"). Each FT Unit will consist of one flow-through common share and one-half of one warrant (each whole warrant, a "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.Closing of the Offering is anticipated to occur on or before October 10, 2014, and is subject to receipt of acceptance by the TSX Venture Exchange (the "TSX-V"). Finder’s fees may be payable in appropriate circumstances in connection with the Offering, in accordance with the policies of the TSX-V.
About Alpha Exploration Inc.
Alpha is a junior mineral exploration company focussed on uranium in the Athabasca Basin in northern Saskatchewan, Canada. It`s common shares are listed on the TSX Venture Exchange and under the symbol "AEX". The Company actively explores a portfolio of early-stage properties, and continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition.
Additional information about Alpha is available on Alpha’s website at www.alpha-aex.com or under its profile on SEDAR at www.sedar.com.
On behalf of the Board of Directors of Alpha Exploration Inc.
"Dr. Michael H. Gunning"
Interim CEO and Chairman
For corporate communications please contact:
Robert (Bob) Meister
Alpha Exploration Inc.
Trading Symbol: TSX-V – AEX
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Ex change) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.