May 7, 2019
ALX Uranium Corp. Announces Private Placement Financing
FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
BC, Canada, May 7, 2019 –
Uranium Corp. (“ALX” or the “Company”)
(TSXV: AL; FSE: 6LLN; OTC: ALXEF) announced today a non-brokered
private placement of flow-through units (the
“FT Units”) and
non-flow-through units (the
for gross proceeds of up to $1,525,000 (the “Offering”).
Units will be sold at a price of $0.06 per FT Unit consisting of one
flow-through common share and one non flow–through common share
purchase warrant, and up
to 13,000,000 NFT
Units will be sold at a price of $0.055 per NFT Unit consisting of
one common share and one common share purchase warrant. One
common share purchase warrant from either the FT Units or the NFT
Units will entitle the holder to purchase one non flow-through common
share of the Company at a price of $0.10 for a period expiring 24
months following the closing date of the Offering.
fees may be payable in connection with the Offering. All the
securities issuable will be subject to a four-month hold period from
the date of closing.
proceeds from the sale of FT Units will be used for exploration
programs on the Company’s Saskatchewan uranium properties, and the
proceeds from the sale of NFT Units will be used for general working
mandate is to provide shareholders with multiple opportunities for
discovery by exploring a portfolio of prospective mineral properties
in northern Saskatchewan, Canada. The Company executes well-designed
exploration programs using the latest technologies and has interests
in over 200,000 hectares in Saskatchewan, a Province which hosts the
richest uranium deposits in the world, a producing gold mine, and
demonstrates potential for economic base metals deposits. ALX is
based in Vancouver, BC, Canada and its common shares are listed on
the TSX Venture Exchange under the symbol “AL”, on the Frankfurt
Stock Exchange under the symbol “6LLN” and in the United States
OTC market under the symbol “ALXEF”. Technical reports are
available on SEDAR at www.sedar.com for several of the Company’s active properties.
more information about the Company, please visit the ALX corporate
website at www.alxuranium.com
or contact Roger Leschuk, Manager, Corporate Communications at
PH: 604.629.0293 or Toll-Free: 866.629.8368,
by email: email@example.com
Behalf of the Board of Directors of ALX Uranium Corp.
in this document which are not purely historical are forward-looking
statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. It is important to
note that the Company’s actual business outcomes and exploration
results could differ materially from those in such forward-looking
statements. Risks and uncertainties include economic, competitive,
governmental, environmental and technological factors that may affect
the Company’s operations, markets, products and prices. Additional
risk factors are discussed in the Company’s Management Discussion and
Analysis for the Year Ended December 31, 2018, which is available
under Company’s SEDAR profile at www.sedar.com.
Except as required by law, we will not update these forward looking
statement risk factors.
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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