Alexandra Announces LOI, Private Placement
Vancouver, BC – November 10, 2017 – Alexandra Capital Corp. (CSE: AXC) (“Alexandra” or the “Company”) is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) with WMC ApS (“WMC”), a private Danish company based in Copenhagen which has developed and operates a platform (the “Technology”) for trading digital assets including digital currencies. The LOI provides for the grant by WMC to the Company of an exclusive license to use, market, sub-license, sell and distribute the Technology in Canada and the United States of America.
The Company also announces that it has arranged a non-brokered private placement of 5,000,000 common shares at a price of $0.10 per common share, for gross proceeds of $500,000.00. The private placement is subject to regulatory approval.
The proceeds of the private placement will be used for working capital.
A Finder’s fee is payable on a portion of the private placement, in shares equal to 10% of the amount placed by the finder.
All securities issued in the private placement will be subject to a four month hold period.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For further information contact:
Ms. Vivian Katsuris
CFO and Secretary
+1 (604) 729-2500
(Not for dissemination in the United States of America)