Trading Symbol: TSXV: AXC.P
/NOT FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
VANCOUVER, May 28,
2014 /CNW/ - Alexandra Capital Corp. (AXC.P-TSX:V)
("Alexandra" or the "Company") is pleased to announce that it has
arranged a non-brokered private placement of 6,400,000 Units of
securities consisting of 2,400,000 flow-through Units and 4,000,000
non flow-through Units at a price of $0.05 per Unit, for gross proceeds of
$320,000.00.
Each flow-through Unit under the private
placement consists of one flow-through common share and one common
share purchase warrant entitling the holder to acquire one
additional non flow-through common share of the Company at an
exercise price of $0.10 within 60
months of closing. Each non flow-through Unit under the
private placement consists of one non flow-through common share and
one share purchase warrant entitling the holder to acquire one
additional non flow-through common share of the Company at an
exercise price of $0.10 within 60
months of closing. The placement is subject to regulatory
approval.
The proceeds of the private placement will be used to pay the
balance of costs to complete the Company's previously announced
qualifying transaction, to make option payments and to finance the
Company's exploration program on the SB Project, and for working
capital.
Finder's fees are payable on the private placement, in non
flow-through Units.
All securities issued in the private placement will be subject
to a four month hold period.
ON BEHALF OF THE BOARD OF DIRECTORS
"Suzanne Wood"
Suzanne Wood
CEO and Director
Neither the TSX Venture Exchange Inc. 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.
SOURCE Alexandra Capital Corp.