Alpha Exploration Announces Financing

Alpha Exploration Inc. (TSXV:AEX) announced a private placement of up to 5,000,000 Flow-Through Units.

As quoted in the press release:

…(i) up to 5,000,000 Flow-Through Units (a “FT Unit”) consisting of one flow-through common share and one-half of one share purchase warrant (a “FT Warrant”) at a price of $0.30 per FT Unit. Two FT Warrants will entitle the holder to purchase one common share at $0.35 per share at any time until the close of business on the day which is 24 months from the date of issue of the FT Warrant; and (ii) up to 5,000,000 Non-Flow-Through Units (a “Unit”) consisting of one common share and one share purchase warrant (a “Warrant”) at a price of $0.20 per Unit. Each Warrant will entitle the holder to purchase one common share at $0.35 per share at any time until the close of business on the day which is 24 months from the date of issue of the Warrant.

Click here to read the Alpha Exploration Inc. (TSXV:AEX) press release