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Alexandria Minerals Closes First Tranche of Financing, Raises $1.6M

Alexandria Minerals Corporation (AZX.V) has completed the first tranche of a brokered private placement financing for gross proceeds of $1,634,000, which was completed by Laurentian Bank Securities. The first tranche of the private placement consisted of 13,072,000 of Quebec Flow-Through Units at a price of $0.125 per QFT Unit.

The proceeds from the sale of the QFT Units will be used for exploration and drilling on Alexandria's Cadillac Break property group in Val d'Or, Quebec. Focus will be on step-out drilling on its Akasaba gold-copper project.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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