The share price is capped until the PP @5 cents completes around end of this month:
TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Alexander Nubia International Inc. (TSX VENTURE:AAN) (the "Corporation" or "Alexander Nubia") is pleased to announce a non-brokered private placement offering of up to 40,000,000 common shares (the "Common Shares") at a price of $0.05 per Share (the "Private Placement"), for total gross proceeds of up to $2,000,000. The closing of the Offering is expected to occur on or about June 1, 2016, subject to TSXV approval.