Alexandria Minerals Corp ALXDF

New Shares issue at $.055

[Dansul]

TSXV-Listed Alexandria Minerals to Raise up to $1 Mln in Private Placement Flow Through Financing 2018-09-12 10:49:47 AM ET (MT Newswires)

10:49 AM EDT, 09/12/2018 (MT Newswires) -- Alexandria Minerals (AZX.V) said Wednesday that it will issue up to 18.2 million flow-through common shares in non-brokered private placement at $0.055 per share, for gross proceeds of up to $1 million. Proceeds will be used o incur Canadian exploration expenses that are flow-through mining expenditures on its Cadillac Break properties in Quebec.  GLTA, Dan

[goldhunter11]

Dansul, A few comments: 1. I was speculating that the FT must be for "exploration" expenditure. In fact the NR says so: "for mining expenditures on its Cadillac Break properties in Quebec." At least, they could spend some for sending the samples that are sitting in the core shacks to the labs for assaying, since they don't much (cost: less than $100k) and perhaps do a few

[goldopportunity]

Good analysis GH  --  great to see you back posting on the alexandria board.  Methinks that may prove to be a very astute point about the $1M pp being a stop gap.  Yup, woudn't be surprised if it's over-subscribed.  All in all, the market seemed to like this am's pr.   Jmvho.   goldopp  GH wrote: "Dansul, A few comments: 1. I was