ALX Resources Corp. Closes First Tranche of Private Placement

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing today of the first tranche of a non-brokered private placement consisting of 17,800,000 flow-through units (the "FT Units") of the Company for gross proceeds of $890,000 (the "First Tranche").

The FT Units were sold at a price of $0.05 per FT Unit consisting of one flow-through common share and one-half of one non flow-through common share purchase warrant. One whole common share purchase warrant from the FT Units entitles the holder to purchase one non flow-through common share of the Company at a price of $0.075 for a period expiring 36 months following closing of the First Tranche, that date being November 3, 2025.

Finder’s fees for the First Tranche consisting of a total of $50,250 cash and 1,005,000 finder’s warrants were paid to: Red Cloud Securities Inc. – $48,000 cash and […]

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