Alpha Exploration (ALEX.V) is still working on completing its previously announced C$5M financing, but seeing how the company has already closed a very substantial first tranche, the company appears to be in a much better shape than last year when it comes to its capital raising efforts.
As a reminder, the company is in the final stages of closing a financing with units priced at C$0.70 with each unit consisting of one common share as well as a full warrant with an exercise price of C$1.05 valid for a period of 24 months. Once the financing has been closed, the technical team will finally be able to thoroughly follow up on the discoveries made last year.
Disclosure: The author has a small long position in Alpha Exploration. Alpha Exploration is a sponsor of the website. Please read our disclaimer.
