Non-brokered offering slated to fund general working capital purposes
By Devika Patel
Knoxville, Tenn., Aug. 29 - Alexander Energy Ltd. said it has arranged a C$1.3 million non-brokered private placement of stock.
The company will sell common shares at C$0.15 each. The price per share is a 25% discount to C$0.20, the Aug. 28 closing share price.
Settlement is expected Sept. 16.
Proceeds will be used for general working capital purposes.
The crude oil and natural gas explorer is based in Calgary, Alta.
| Issuer: | Alexander Energy Ltd.
|
| Issue: | Common stock
|
| Amount: | C$1.3 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 16
|
| Stock symbol: | TSX Venture: ALX
|
| Stock price: | C$0.20 at close Aug. 28
|
| Market capitalization: | C$12.45 million
|
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