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 > 10-1 reverse split .05 Private Placement

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Post by SilverBellson Apr 15, 2023 2:12pm

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Post# 35396766

10-1 reverse split .05 Private Placement

Terrible news on a 2 million dollar market cap they have a 10 to 1 split. Go figure. Then after the split a .05 per share Private Placement. Meaning they are selling shares at .005, the current price.. I wouldn't doubt it, it goes back to .005 after the split. Reverse splits never seem to work out. The new CEO figures this will correct things, personally I have my doubts. I guess we can all hope for $5,000 gold, it may take that to breakeven on this thing. SUCKS!!!

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