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CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - On December 10, 2013, Alexander Energy Ltd. ("Alexander" or the "Corporation") (TSX VENTURE:ALX) announced that it had closed the first tranche of its non-brokered unit private placement (the "Initial Private Placement"). Pursuant to the Initial Private Placement, the Corporation issued 119,735,183 units (the "Units") at a price of $0.15 per Unit for gross proceeds of $17,960,277.45. Each Unit is comprised of one common share ("Common Share") and one Common Share purchase warrant ("Warrant") entitling the holder to purchase one Common Share at a price of $0.20 per Common Share for a period of five years from the date of issuance, subject to certain vesting thresholds. As at the date hereof, Alexander has 191,633,327 Common Shares and 119,735,183 Warrants outstanding. |
