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Alexis Minerals Corporation

Published : March 20th, 2008

CLOSES $11.7 MILLION UNDERWRITTEN PRIVATE PLACEMENT

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MINERALS CORPORATION

65 QUEEN STREET WEST, SUITE 815

TORONTO, ONTARIO, M5H 2M5

For Immediate Release????????????????????????????????????????????????????????????????????? ?????????? ??????????? ???Press Release

 


??????????????????????????????????????????????????

ALEXIS MINERALS CLOSES $11.7 MILLION

UNDERWRITTEN PRIVATE PLACEMENT

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

 

Toronto, Ontario, March 20, 2008 – Alexis Minerals Corporation [TSX: AMC] (the “Company”) is pleased to announce that it has closed its previously announced $11.7 million private placement financing.? In connection with the financing, the Company has issued 16,714,286 million units at a price of $0.70 per unit.? Each unit consisted of one common share of the Company and one-half of one share purchase warrant. Each whole warrant is exercisable for one common share at a price of $1.00 per warrant exercised, at any time prior to 5:00 p.m. EST on March 17, 2010.? The Company shall have the right, commencing 365 days after closing of the financing, to call the outstanding warrants for expiry upon 30 days notice should the common shares have a volume weighted average trading price of at or above $1.50 for 20 consecutive trading days.

Cormark Securities Inc. acted as lead underwriter on the financing, with a syndicate comprised of Canaccord Adams and CIBC World Markets Inc.

The net proceeds of the offering will be for continued exploration and development of the Lac Herbin and Lac Pelletier Deposits, acquisitions and for general working capital purposes.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

 

About Alexis Minerals

Alexis Minerals Corporation is a Canadian exploration and development company listed on the Toronto Stock Exchange. Alexis holds an outstanding portfolio of properties covering the Val-d’Or and Rouyn-Noranda Mining Camps in Quebec. Alexis owns the 1400 tonne per day Aurbel gold mill and holds a 100%-interest in the Aurbel property. Alexis will vest into a 100% ownership of all remaining? interests of Aur Resources on approximately 212 square kilometres of the Val-d’Or Mining Camp in early 2008. Alexis also has the right to earn-in into a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda.? The Company has earned a 50% interest in approximately 786 square kilometres of the Rouyn-Noranda Mining Camp and has entered into a joint venture with Xstrata Copper. Alexis is following strategic exploration approaches across these properties for both gold and base metals, with a focus on the potential for gold production from the 100%-owned Lac Herbin and Lac Pelletier deposits during 2008. Currently there are four underground drills active at Lac Herbin, one surface drill active in Val-d’Or and one surface drill active in Rouyn-Noranda.?????

?

For Further Information Contact:

 

David Rigg, President and CEO ??????????? ???????????????????????

Tel: 416-861-5889?????????????????????????????????????????????????????????

Fax: 416-861-8165

 

Bruce Barch, Manager Investor Relations?????????? Louis Baribeau, Relationniste, Qu?bec

Tel. 416-861-5905???????????????????????????????????????????? Tel: 514-667-2304

???????????????????????????????????????????????

Email: info@alexisminerals.com??? ???????????????? Website: www.alexisminerals.com

 

Forward‑looking Information

Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as “anticipate”, “plan”, “expect”, “potential”, or similar words suggesting future outcomes and include, without limitation, statements regarding the completion of the financing, proposed use of proceeds, and the Company’s operational plans, including production estimates.  There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, risks inherent in the mining industry, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information. 

 

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Alexis Minerals Corporation

PRODUCER
CODE : AMC.TO
ISIN : CA01537P1045
CUSIP : 01537P104
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Alexis Min. is a gold and copper producing company based in Canada.

Alexis Min. holds various exploration projects in Canada.

Its main asset in production is LAC HERBIN in Canada, its main assets in development are NEW BRITANNIA MINE and SNOW LAKE in Canada and its main exploration properties are MCMILLAN, LAC PELLETIER, BEACON NORTH, AURBEL, FERDEBER MINE, COPPER PRINCE (GARSON), LUCIANA, OSPIKA, BIG BAR, BAEZ, DUMONT, ROUYN-NORANDA, WEST ANSIL and NORALEX in Canada and MBK & BP in Indonesia.

Alexis Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 213.7 millions as of today (US$ 220.6 millions, € 169.6 millions).

Its stock quote reached its highest recent level on January 11, 2008 at CA$ 0.94, and its lowest recent point on August 03, 2012 at CA$ 0.03.

Alexis Min. has 593 646 000 shares outstanding.

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In the News and Medias of Alexis Minerals Corporation
3/30/2006Corporate Profile
Financings of Alexis Minerals Corporation
5/17/2011ANNOUNCES CLOSING OF EXERCISE OF OVER-ALLOTMENT OPTION FOR A...
3/20/2008CLOSES $11.7 MILLION UNDERWRITTEN PRIVATE PLACEMENT
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4/18/2011APPOINTS VICE PRESIDENT, MANITOBA OPERATIONS
Financials of Alexis Minerals Corporation
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3/31/2012Provides 2012 Operating Cash Cost Guidance and Reports Fourt...
8/16/2011Reports Financial Results for Quarter Ended June 30, 2011
6/15/2011Reports Financial Results for Quarter Ended March 31, 2011
3/31/2011Reports Fourth Quarter and Full Year 2010 Results
1/25/2011(Lac Pelletier)Alexis Announces Fourth Quarter Gold Production
1/25/2011(Lac Herbin)Alexis Announces Fourth Quarter Gold Production
5/20/2010RALLIES AS SECOND QUARTER IMPROVES - UP TO 267 g/tGOLD INTE...
Project news of Alexis Minerals Corporation
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8/30/2012QMX GOLD PROLONGERA L'ENTENTE DE FINANCEMENT PROVISOIRE AVEC...
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7/23/2012QMX GOLD REPORTS RESULTS FROM THE BIRCH ZONE INCLUDING 5.35 ...
5/18/2012(Rouyn-noranda)to Refocus Exploration in Quebec With Rouyn-Noranda Properti...
1/20/2012(Lac Herbin)' TURNAROUND PLAN ON TRACK: LAC HERBIN PRODUCED 3=2C726 OUNC...
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1/12/2012(Snow Lake)Completes Over 42,000 Metres of Exploration Drilling in 2011...
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8/3/2011(Rouyn-noranda)Completes Takeover Agreement on Rouyn-Noranda Joint Venture ...
7/13/2011(Lac Herbin)continue de d=E9finir la zone Bonanza au Lac Herbin et recou...
7/13/2011(Lac Herbin)Continues to Define the Bonanza Zone at Lac Herbin Intersect...
6/8/2011(Lac Herbin)LANCE SON PLAN DE REDRESSEMENT =C0 LA MINE LAC HERBIN
6/8/2011(Lac Herbin)Initiates Turnaround Plan for Lac Herbin Mine
5/29/2011(Snow Lake)Alexis Extends Main Mine East Zone, Snow Lake Intersects up ...
4/5/2011(Rouyn-noranda)Makes Landmark Agreement to Acquire 100% Ownership in Joint ...
3/22/2011(Lac Herbin)s Lac Herbin Mine Resource
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6/28/2010(Lac Pelletier)Feasibility Study Confirms Profitability at Lac Pelletier wi...
6/15/2010Discovers Two New High-Grade Gold Zones At Snow Lake Mine, M...
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8/7/2009(Lac Herbin)Confirms 156% Increased Reserves at Lac Herbin Gold Mine
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5/27/2009(Lac Herbin)Some More Good Exploration Results From Its Lac Herbin Prope...
5/27/2009(Lac Herbin)Identifies New Resource Areas adjacent to Lac Herbin Mine an...
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12/2/2008(Lac Herbin)Mine Enters Full Production - Cash flow Supports Continued E...
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8/15/2007(Lac Herbin)INTERSECTS 36.10 g Au/t over 6.4 m on HANGING WALL ZONE; 34....
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9/6/2012QMX GOLD ANNONCE DES INTERSECTIONS ALLANT JUSQU'=C0 25=2C9 G...
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4/10/2012(Lac Herbin)ATTEINT SON OBJECTIF =C0 LA MINE DU LAC HERBIN AVEC UNE PROD...
4/10/2012Achieves Turn-Around Target With 5500 Ounces of Gold Product...
3/7/2012Announces Chantal Lavoie as Its New Director
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9/7/2011(Lac Herbin)Continues to Define the Apex Zone at Lac Herbin Mine in Queb...
8/30/2011Article published in "The Northern Miner"
8/30/2011Article paru dans le "Northern Miner"
8/3/2011COMPL=C8TE L'ENTENTE D'ACQUISITION DES PROPRI=C9T=C9S EN COE...
7/26/2011(Aurbel)PROVIDES UPDATE ON SURFACE EXPLORATION EFFORTS AT ITS AURBEL...
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8/6/2010annonce les conditions modifi=E9es de son appel public =E0 l...
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2/16/2010Enhances Investor Awareness and Access - Commences Trading o...
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1/22/2010Targets 150,000 oz. Annual Gold Production as Resources More...
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10/20/2009Enters Binding Agreement to Acquire All Shares of Garson Gol...
10/20/2009mini=E8re Alexis conclut une entente ex=E9cutoire pour acqu=...
2/24/2009Produce 50,000 Ounces Gold in 2009
9/3/2008Drilling Large Off-hole Anomaly in Deep West Target Area - ...
7/24/2008Receives $8.9M Tax Rebate and Retires Loan Facility
7/16/2008Pours over 5,000 Ounces of Gold to Become the World's Newest...
6/27/2008Close In On Deep Target Near Louvicourt Mine
4/11/2008on National Television
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1/10/2008Vests in Rouyn-Noranda Joint Venturewith Xstrata Copper - Ou...
12/20/2007 Secures $5.9 million Financing with Investissement Quebec
11/15/2007Advance Underground Exploration at Lac Pelletier Gold Projec...
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7/13/2007Receives Conditional Approval for Toronto Stock Exchange
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TORONTO (AMC.TO)FRANKFURT (OU2.F)
0.360-5.26%0.036+0.00%
TORONTO
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Produces Gold
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Explores for Coal - Copper - Gold - Lead - Silver - Zinc
 
 
 
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