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Alexandra Closes Second Tranche of Non-Brokered Financing

Vancouver, British Columbia–(Newsfile Corp. – May 18, 2018) – Alexandra Capital Corp. (CSE: AXC) (the “Company“) today announced that it has closed the second and final tranche of its previously announced non-brokered private placement (the “Offering“) and issued an aggregate of 2,035,550 units (the “Units“) at a price of $0.40 per Unit for gross proceeds of $814,220.00. Together with the first tranche which closed on April 25, 2018, the Company raised aggregate gross proceeds of $2,604,220.00.

Each Unit consists of one (1) common share and one-half of one (1/2) share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.60 for one year from closing.

Finder’s fees of cash in an amount equal to 6.0% of proceeds and finder’s warrants (“Finder’s Warrants“) equal to 6.0% of the number of Units issued were paid to four finders. Each Finder’s Warrant will be exercisable to acquire one common share (a “Finder’s Warrant Share“) for a period of one year from closing of the Offering at a price of $0.40 per Finder’s Warrant Share.

All securities issued with respect to the Offering are subject to a four month hold period expiring September 18, 2018.

The proceeds of the private placement will be used primarily for working capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

ON BEHALF OF THE BOARD OF DIRECTORS

Vivian Katsuris
President and Secretary
[email protected]

(Not for dissemination in the United States of America)

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/34731/Alexandra-Closes-Second-Tranche-of-NonBrokered-Financing. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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