ALX Resources Corp V.AL.P

Primary Symbol: V.AL Alternate Symbol(s): ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.

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ALX Resources Corp

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Comment by InvestorOon Aug 04, 2016 10:20pm

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Post# 25112543

RE:New to Trading

Trades2

"Subject to Forced Exercise Provision" is a provison that a comnpany will place on warrant certificates with a Private Placement (PP) financing.

Usually with a PP Unit issued by a company there is a common share and a share purcahse warrant attached to the common share. The warrant allows the holder to buy another common share at a fixed price for a specific term (time)

If there is an forced exercise provison attached it usually means if the market price of the shares are higher than warrant price. The provision states that the holder must execrise them with in a given allotted time.

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