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
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.
For further information: Suzanne Wood, Tel: (604) 687-6991 ext. 12. Fax: (888) 848-3972