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Alexandria Minerals Corp ALXDF

Metals & Mining Industrial Metals & Minerals
Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Alexandria Minerals Corp > Always Read the Fine Print
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Comment by Goodbadanduglyon Feb 14, 2018 7:02pm
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Post# 27561692

RE:RE:Always Read the Fine Print

RE:RE:Always Read the Fine Print
Exactly correct Mystique!: 
In 2016 $12 Million financing, out of that $3 million were spent on exploration for the year and $3 million for running the office!!!  Thats a pretty fast burn out rate!!!

As per the last Annual Financial Stmts:
  Expenses:
Accounting and corporate services 56,786 
Corporate development 237,913 !!
Director fees (Note 12(b)) 138,552 !
Investor and public relations 458,626 !!!
Management fees  402,085 !!!  (paid to 2 mgmt co's owned by EO)
Office and general 302,105 
Professional fees 330,540
Regulatory and compliance 101,377  
Share based payments (Note 9) 269,129 !! 
Wages 257,860 
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