Alpha Announces Private Placement of Flow-Through Units and Non-Flow-Through Units
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2013) - ALPHA EXPLORATION INC. (TSXV: AEX) ("AEX" or the "Company") is pleased to announce a private placement (the "Offering") comprised of: (i) up to 5,000,000 Flow-Through Units (a "FT Unit") consisting of one flow-through common share and one-half of one share purchase warrant (a "FT Warrant") at a price of $0.30 per FT Unit. Two FT Warrants will entitle the holder to purchase one common share at $0.35 per share at any time until the close of business on the day which is 24 months from the date of issue of the FT Warrant; and (ii) up to 5,000,000 Non-Flow-Through Units (a "Unit") consisting of one common share and one share purchase warrant (a "Warrant") at a price of $0.20 per Unit. Each Warrant will entitle the holder to purchase one common share at $0.35 per share at any time until the close of business on the day which is 24 months from the date of issue of the Warrant.
The Company intends to use the proceeds of up to $2,500,000 from the Offering to fund exploration expenditures on its portfolio of mineral properties and for general working capital. The Offering will be non-brokered and directors and officers of the Company may participate in the Offering.
Closing of the Offering is anticipated to occur on or before December 31, 2013, and is subject to receipt of acceptance by the TSX Venture Exchange (the "TSX-V"). Finder's fees may be payable in appropriate circumstances in connection with the Offering, in accordance with the policies of the TSX-V.
About Alpha Exploration Inc.
Alpha Exploration Inc. is a mineral exploration company whose principal focus is the exploration and development of mineral properties in Ontario, British Columbia and Athabasca Basin in northern Saskatchewan, Canada. The common shares of the Company are listed on the TSX-V under the symbol "AEX".
On behalf of the Board of Directors of Alpha Exploration Inc.
President, CEO and Director
For corporate communications please contact:
Robert (Bob) Meister
Phone: (604) 629-0293
Fax: (604) 684-9365
Toll Free: 1-866-629-0293
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements: Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.