Alexandra Announces Poirier as Director and Arranges Private Placement
Vancouver, BC – December 27, 2017 – Alexandra Capital Corp. (CSE: AXC) (“Alexandra” or the “Company”) is pleased to announce that it has arranged a non-brokered private placement of 7,000,000 common shares at a price of $0.50 per common share, for gross proceeds of $3,500,000.00. The private placement is subject to regulatory approval.
Finders’ fees are payable on a portion of the private placement, in cash and finders’ warrants, each equal to six (6%) percent of the amount placed by the finder. The finders’ warrants will be exercisable for one year at a price of $0.50 per finders’ warrant share.
The proceeds of the private placement will be used for working capital. All securities issued in the private placement will be subject to a four month hold period.
The Company previously announced that it had entered into a non-binding Letter of Intent for the acquisition of WMC ApS, a private Danish company based in Copenhagen which has developed and operates a platform for trading digital assets including digital currencies. The Company continues to investigate the proposed WMC transaction.
The Company further announces the election of Mr. Jeremy Poirier to its board of directors at its annual general meeting on December 22, 2017. Mr. Poirier is the President, CEO and a director of Bearing Lithium Corp., a TSX Venture Exchange listed company and serves as a director of other TSX Venture Exchange listed issuers. Mr. Poirier joins directors Blake Olafson, Vivian Katsuris and Ioannis Tsitos who were all re-elected at the AGM.
ON BEHALF OF THE BOARD OF DIRECTORS
Blake Olafson President and CEO