Alexandria Minerals Corp ALXDF

NR Shares for Debt

[nelson11]

 

Alexandria Minerals to issue 8.5M shares for debt

 

2018-08-17 17:11 ET - News Release

 

Mr. Walter Henry reports

ALEXANDRIA MINERALS ANNOUNCES DEBT SETTLEMENT

Alexandria Minerals Corp. has entered into agreements with certain third party contractors to settle an aggregate of $467,999.20 of debt in consideration for the issuance of 8,509,091 common shares of the company at a deemed price of 5.5 cents per common share. The directors of the company have approved the debt settlements. The debt settlements are subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the debt settlements will occur immediately following approval from the TSX Venture Exchange.

All securities issued pursuant to the above-referenced debt settlements will be subject to a statutory hold period which will expire four months and one day from the date of closing of the debt settlements.

About Alexandria Minerals Corp.

Alexandria Minerals is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d'Or, Que., Red Lake, Ont., and Snow Lake-Flin Flon, Man.

We seek Safe Harbor.

[RYUcan]

Why would anyone settle debt for shares in this market if there wasn't a sale imminent?

[avante]

I agree. Seems we have no money left for day to day expenses much less a drilling program. A PP would be hard pressed to get a price much higher and not depress the stock more.... ? Sale seems to be solution. Hope we can get a  'reasonable '  price if this is so. 

[easycoder]

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[goldhunter11]

easy, It's reasonable to expect ~$0.5 M for the expenditure related to the proxy saga during the last several months, which would include quite a few lawyers, financial advisers, and Kingsdale to organize the proxy solicitation. Now that has been behind us after the vote on 24 July, but bills will have to be paid. Hopefully that EO is busy paying his as well and not doing anything else to stir

[Curvature]

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[easycoder]

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[Curvature]

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[Shylock]

Curvature - Hate to say it but . . . Then, don't.  You never add anything of value to this board and this is no exception.  What you are doing is clumsily attempting to sow doubt and here we go with the "rollback blues again." Go away now and play with M2, ggrellette, and the rest of the "rollback agenda" chorus.

[Curvature]

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[easycoder]

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[nelson11]

Easy, you must from the Maritimes my Niece in Halifax calls me an Edjit.  Jokingly, I hope. Nel 

[easycoder]

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[Curvature]

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