Mr. Warren Stanyer reports
ALX RESOURCES CORP. APPLIES TO AMEND WARRANT TERMS
ALX Resources Corp. is applying to the TSX Venture Exchange to amend the terms of an aggregate of 18,531,250 outstanding share purchase warrants, which were issued in connection with a non-brokered private placement of flow-through and non-flow-through units of the company (see ALX news releases dated June 21, 2021, and June 25, 2021).
The company is seeking to extend the term of the warrants for an additional year. Warrants issued in the first tranche of the offering would be extended to June 21, 2024, and the warrants issued in the second tranche of the offering would be extended to June 25, 2024.
The exercise price of the warrants will remain unchanged, with each flow-through warrant entitling the holder to purchase one common share of the company at a price of 15 cents per warrant share, and each non-flow-through warrant entitling the holder to purchase one warrant share of the company at a price of 12 cents per warrant share.
The application to extend the expiry dates of the warrants is subject to acceptance by the TSX-V.
About ALX Resources Corp.
ALX is based in Vancouver, B.C., Canada, and its common shares are listed on the TSX Venture Exchange under the symbol AL, on the Frankfurt Stock Exchange under the symbol 6LLN and in the United States OTC market under the symbol ALXEF.
We seek Safe Harbor.
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