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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