ALX Resources Corp 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 > This good for shareholders

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Comment by Troyhorseon Sep 05, 2024 12:36pm

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Post# 36210092

RE:RE:RE:RE:RE:This good for shareholders

Please explain this to me Hiram,
Or is my math wrong L

ALX has a float of 248.87 million shares and Greenridge 34.5 M shares
ALX shareholders are expected to receive 0.045 common shares of Greenridge per each ALX share.

SO this means Greenridge will end up with :

248.87 x .045 = 111.9 M share plus the actual float of Greenridge of 34 M share for a total of 145M shares? and as they are trading at CDN .80 = The new market capitalization for Greenridge is expected to be about $ 116 M?

Thanks

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