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Alexandra closes first tranche of non-brokered financing

ALEXANDRA CLOSES FIRST TRANCHE OF NON-BROKERED FINANCING

VANCOUVER, BRITISH COLUMBIA – (April 25, 2018) – Alexandra Capital Corp. (the "Company") (AXC:CNX) today announced that it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”) and issued an aggregate of 4,475,000 units (the “Units”) at a price of $0.40 per Unit for gross proceeds of $1,790,000.00. 

Each Unit consists of one (1) common share and one-half of one (1/2) share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.60 for one year from closing. 

Finder’s fees of cash in an amount equal to 6.0% of proceeds and finder’s warrants (“Finder’s Warrants”) equal to 6.0% of the number of Units issued were paid to five finders.  Each Finder’s Warrant will be exercisable to acquire one common share (a “Finder’s Warrant Share”) for a period of one year from closing of the Offering at a price of $0.40 per Finder’s Warrant Share.   

All securities issued with respect to the Offering are subject to a four month hold period expiring August 25, 2018. 

The proceeds of the private placement will be used primarily for working capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

Vivian Katsuris

President and Secretary

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SB Property

The Southern Belle Property is an exploration target for low sulphidation epithermal precious metal mineralization. It consists of 8 claims totaling 3,517 hectares and is approximately 25 kilometres west of Merritt, British Columbia with competent road access.

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