Alexandria Minerals Corp

Published : April 18th, 2007

to Raise $5,500,000; Second Rig Expands Drilling Program Along Cadillac Break

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Keywords :   Canada | Coal | Gold | K Street | Precious Metals | Recovery |
 

 

Alexandria to Raise $5,500,000; Second Rig Expands Drilling Program Along Cadillac Break

 

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

 

Toronto, Ontario - April 18, 2007- Alexandria Minerals Corporation (TSX-V:AZX) announces a brokered private placement (BPP) with Fraser Mackenzie Limited, for up to 6,250,000 non flow through units (NFT) at a price of $0.32 per unit and up to 5,263,157 flow through units at a price of $0.38, and a non-brokered private placement (NBPP) with MineralFields Group of Toronto, for up to 3,947,368 flow-through units at a price of $0.38 per unit, resulting in gross proceeds of up to $5,500,000.

 

Each non-flow through unit will be comprised of one non-flow-through common share of the Company and one-half of one warrant, with each whole warrant entitling the holder to acquire one additional non-flow-through common share of the Company at a price of $0.48 for a period of one year from closing.

 

Each flow-through unit shall be comprised of one flow-through common share and one-half of one warrant, with each whole warrant entitling the holder to acquire one additional non-flow through common share of the Company at a price of $0.48 for a period of one year from closing.

 

The proceeds from the private placement will be used for exploration activities on its Ontario and Quebec mineral properties and for general working capital. Exploration will consist primarily of drilling-related activities, with focus on the Company's Cadillac Break properties in the Val d'Or area, Quebec. Alexandria plans an initial 10,000 m Phase 1 program to expand on the recent success in the Orenada #4 area, where the company intersected 21.37 g/t gold over 4.05 m (announced March 29, 2007), to be followed by a further 10,000 m program pending results.

 

Currently, the company has two drill rigs operating on its properties along the Cadillac Break in Quebec (Figure 1). The company has begun drilling on the Sleepy Zone, the second of four historic gold deposits on the Company's Cadillac Break properties, southeast of Val d'Or, which Cambior Inc. (now IAMGOLD Corporation) discovered in the late 1980's (see Press Release April 10, 2007).

 

FIGURE 1. Current drilling locations and Alexandria properties from Val d'Or to Noranda, Quebec.

The Company has also begun drilling on its Joannes Property, located about 50 km west of Val d'Or along the Cadillac Break. Historic drill holes on the property have yielded up to 28.5 g/t gold over 1.5m and 12.00 g/t gold over 1.5m. Alexandria has completed geophysical surveys on the property to augment the drill targets, and plans to drill 3 first phase holes testing targets along the Cadillac Break and satellite fault zones.

 

The Joannes property is located in a region of the Cadillac Break that has seen considerable gold mining success over the years, including the Bousquet Mine (3.0 million ounces of gold produced), Agnico Eagle's La Ronde Mine (reserves of 5.3 million ounces of gold). Recent discoveries at Lapa (Agnico Eagle), Wood-Cadillac (Queenston-Globex), and the Aurizon Mines Joanna property adjacent to Alexandria's property all attest to the potential of the region.

 

The closing of the private placement is expected to occur on or before May 3, 2007, and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All the securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing.

 

In connection with the financing, an agent's fee of 7% of the gross proceeds raised in the BPP will be paid to Fraser Mackenzie, and a finders fee of up to 5% for the NBPP will be paid to MineralFields. In addition, up to 7% brokers warrants will be issued to Fraser Mackenzie for the BPP and to MineralFields for the NBPP.  

 

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on mineral properties located in Northern Ontario and Quebec.  The Company's management has extensive global experience with small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits.  The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

 

This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein.  These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

 

WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements. 

 

 

 

 PLEASE CONTACT

Coal Harbor Communications

Suite 701, 555 Jervis Street

Vancouver BC Canada V6E 4N1

dale@coal-harbor.com

Tel: 1+ (604) 662-4505

Fax: 1+ (604) 662-4547

Toll-free: 1+ (877) 642-6200

 

 

 

 Alexandria Minerals Corporation

Mr. Eric Owens (416) 363.9372

Email: info@azx.ca

Web: www.azx.ca

 

 

 

 

 

 

 

 

 

 

 

 The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

 

 

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Alexandria Minerals Corp

EXPLORATION STAGE
CODE : AZX.V
ISIN : CA0151001009
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Alexandria Min. is an exploration gold and copper company based in Canada.

Alexandria Min. holds various exploration projects in Canada.

Its main exploration properties are SISCOE EAST, GWILLIM, ORAMAQUE, AKASABA, MATACHEWAN PROPERTY, QUEVILLON, ORENADA, SLEEPY ZONE, DUCROS, LOURMET and BLOC SUD WEST in Canada.

Alexandria Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.5 millions as of today (US$ 16.0 millions, € 14.3 millions).

Its stock quote reached its highest recent level on May 04, 2007 at CA$ 0.43, and its lowest recent point on April 18, 2019 at CA$ 0.02.

Alexandria Min. has 478 200 000 shares outstanding.

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Annual reports of Alexandria Minerals Corp
2008 Annual Report
Financings of Alexandria Minerals Corp
10/30/2012Announces $2,500,000 Financing
10/27/2011Closes $3,000,000 Financing
10/7/2011Alexandria Minerals Corporation Announces $3,000,000 Financi...
12/24/2009Closes Non-Brokered Private Placement
12/17/2009Announces $500,000 Non-Brokered Private Placement
5/22/2007Closes $3,169,660 Non-Brokered Portion of $7.75 Million Priv...
5/18/2007Closes $4.58 Million Brokered Private Placement
5/8/2007Increases Private Placement to $7,254,708
Nominations of Alexandria Minerals Corp
10/18/2012Appoints Robert Geis to Board of Directors
6/4/2008Appoints Ed Stuart to Board of Directors
Financials of Alexandria Minerals Corp
4/20/2011Provides Operational Summary for Third Quarter 2010/2011
Project news of Alexandria Minerals Corp
7/26/2017(Orenada)Expands Near-Surface Gold Veins to 1,100 Metres in Length at...
8/31/2016(Orenada)Alexandria Minerals Completes Phase 1 of Triangle Too Drill ...
8/10/2016(Orenada)to Commence 4000 Meter Drill Program on High Grade Targets a...
2/20/2014Drills 142.50 g/t Gold Over 0.3 m in Its Winter Exploration ...
1/14/2014Sells the 14 Claim West Zone Property to Agnico Eagle for $5...
10/8/2013(Akasaba)Begins Drilling at Akasaba, Val d'Or, Quebec
6/27/2013(Akasaba)Reports Wide Gold-Copper Intersections at Akasaba West Zone ...
4/9/2013(Akasaba)Expands Akasaba West Gold-Copper Zone to the West and Down D...
9/8/2011Intersects 6.66 g/t Au over 22.7m below 500m at Sleepy
6/15/2011(Akasaba)Intersects 6.73 g/t Au over 10.50 m at Akasaba
5/12/2011(Siscoe East)Niogold to Drill Alexandria's Siscoe East Project, Val d'Or
3/25/2011(Akasaba)Intersects 38.53 g/t Au over0.60m at Akasaba
3/3/2011(Sleepy Zone)Intersects 3.81 g/t Au over 14.00 m and Expands Sleepy Gold ...
3/1/2011(Sleepy Zone)Expands Gold Mineralization at Sleepy
2/23/2011(Akasaba)Intersects 1.32 g/t Au over 31.05m at Akasaba
2/15/2011(Akasaba)Drills 1.69 g/t Au over 36.09 m at Akasaba Increasing Shallo...
1/6/2011(Joannes)Completes $2.0m sale of Joannes Claims
2/17/2010(Akasaba) Expands High Grade Gold Zone at Akasaba, Val d'Or, Quebec
1/6/2010(Joannes)Aurizon Mines Reports First Resource Estimate at Alexandria'...
12/10/2009(Akasaba)Reports Drilling Progress at Akasaba
11/12/2009(Akasaba)Alexandria Releases New Trench Results At Akasaba Grading Up...
10/29/2009(Sleepy Zone) Increases Global Resources On Its Cadillac Break Properties...
10/15/2009(Siscoe East) to Participate in New Claims Adjacent to Siscoe East
9/16/2009(Orenada) Releases NI 43-101 Compliant Resource Estimate for Orenada ...
9/10/2009Multiple High Grade Gold =?ISO-8859-1?Q?=20Targets=20on=20it...
8/31/2009(Joannes)High Grade Gold Discovered on Alexandria's =?ISO-8859-1?Q?=2...
8/7/2009(Siscoe East)Drilling at Alexandria's Siscoe East Property Intersects 43=...
7/29/2009(Siscoe East)Siscoe East Property Update
7/8/2009(Akasaba)Discovers New Gold-Bearing Zones at Akasaba
6/26/2009(Akasaba)Extends High Grade Akasaba Gold Zone at Surface
6/8/2009(Joannes)Drills 9.0 g/t Gold over 1.0 m on Alexandria's Joannes Prope...
3/10/2009(Orenada) to Complete NI 43-101 Resource Estimates on Orenada and Sle...
2/17/2009(Joannes)Drilling Begins on Alexandria’s Joannes Township Property, Q...
12/3/2008(Matachewan Property)Begins Follow-Up Drilling on its Matachewan, Ontario, Proper...
3/18/2008(Sleepy Zone)Begins Drilling at Sleepy Property, Val d'Or, Quebec
2/19/2008Enlarges Its Matachewan, Ontario, Property
1/9/2008(Orenada)Drills 4.07 g/t Gold Over 8.65 m at Orenada 2, Val d’Or, Que...
12/20/2007(Orenada)Expands Gold Zone at Orenada 2 with 3.22 g/t Gold Over 3.90 ...
10/31/2007Extends Orenada 2 at Depth, Intersects 2.45 g/t Gold Over 13...
10/16/2007(Orenada) Increases Size of Orenada 2 with 8.15 m grading 11.44 g/t G...
8/15/2007(Orenada)Extends Orenada 4 with High Grade Drill Intersection
7/30/2007(Orenada)Intersects 40.4 Meters of 0.76 g/t Gold Near-Surface at Oren...
7/19/2007Intersects New Gold Zones in the Cadillac Break on the Airpo...
6/25/2007Drills Anomalous Gold on Joannes Property
6/6/2007(Orenada) Drills 3.35 g/t Gold Over 10.80 m on Sleepy, Val d'Or
5/24/2007(Orenada)Intersects Positive Exploratory Drill Results on Bloc Sud We...
5/10/2007(Orenada)to Purchase 100% of IAMGOLD Properties in Val d'Or
4/10/2007(Orenada)To Drill Sleepy Deposit, Cadillac Break Properties, Val d'Or
3/29/2007(Orenada)Intersects 21.37 g/t Gold over 4.05 m on Orenada Property, V...
Corporate news of Alexandria Minerals Corp
7/27/2016Alexandria Minerals Identifies Prospective Targets on Its “T...
6/24/2016Alexandria to Re-Start Drill Program on Its 100% Owned Trian...
6/22/2016Alexandria Minerals Increases Private Placement to $5.1 Mill...
6/13/2016Alexandria Minerals Closes First Tranche of Financing, Raise...
6/1/2016Alexandria Signs Memorandum of Understanding with Matchewan ...
5/30/2016Alexandria Minerals Announces $4 Million Private Placement
5/19/2016Alexandria Enters into Option Agreement with Quinto Real Cap...
4/13/2016Alexandria Drills Triangle Zone-like Targets on its Airport ...
3/22/2016Alexandria Geophysical Survey Reveals New Targets on the Fan...
3/7/2016Alexandria Minerals Sees New Gold Potential at Orenada Throu...
1/19/2016Alexandria Minerals Provides Update of Activities
1/11/2016Alexandria Minerals Announces Intention to Conduct a Normal ...
11/6/2015Alexandria Minerals Corporation Closes Second Tranche of Pri...
11/5/2015Alexandria Minerals Increases Financing to $1.875 Million
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
10/23/2015Alexandria Minerals Closes $1,000,000 First Tranche of Finan...
10/22/2015Alexandria Minerals to Raise $1.8 Million
10/5/2015Alexandria Files NI 43-101 Technical Report for Hudvam Proje...
8/19/2015Alexandria Increases Resources at its Hudvam Project in Flin...
8/5/2015Alexandria Engages FronTier Merchant Capital Group for Inves...
7/2/2015Alexandria Files WIM Technical Report on SEDAR
4/22/2015Alexandria Drills High Grade Gold Veins At Orenada, Includin...
4/1/2015Alexandria Review of Cadillac Break Property Geophysics Yiel...
3/19/2015Alexandria Provides Summary of Recently Acquired Assets and ...
3/19/2015Provides Summary of Recently Acquired Assets and Update of A...
3/16/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
3/10/2015acquisition of Murgor Resources completed
3/10/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
2/17/2015Alexandria Begins Drilling Copper-Gold Zone in Val d'Or
2/17/2015Begins Drilling Copper-Gold Zone in Val d'Or
2/2/2015Alexandria's Acquisition of Murgor Clears Quebec Superior Co...
2/2/2015Alexandria Minerals Corporation Closes Financing
2/2/2015Alexandria Minerals Corporation Announces $500,000 Financing
1/28/2015Alexandria's Acquisition of Murgor Clears Quebec Superior Co...
1/27/2015Murgor Resources obtains interim order for plan of arrangeme...
12/23/2014Alexandria Minerals Corporation to acquire Murgor Resources ...
12/23/2014to acquire Murgor Resources Inc.
12/9/2014Alexandria Files National Instrument 43-101 Technical Report...
1/10/2014Happy New Year from Alexandria Minerals
11/25/2013Expands West Zone by 100m With Wide Gold-Copper Intersection...
10/24/2013Annual General Meeting Brings Michael Pesner to Board
10/21/2013Closes Second Tranche of Private Placement for Gross Proceed...
10/18/2013Announces Increase in Private Placement to $1,026,000
9/11/2013Closes First Tranche of Financing
9/10/2013Announces $800,000 Financing
7/24/2013(Akasaba)Drilling Identifies New Target Zones North and South of Main...
5/15/2013Expands Sleepy Gold Deposit With Drill Intersection of 3.82 ...
3/28/2013Provides Update on Spring 2013 Activities
3/13/2013(Akasaba)Files Updated National Instrument 43-101 Compliant Resource ...
2/7/2013(Akasaba)Increases Indicated Resources 9% and Inferred Resources 263%...
1/17/2013Provides Winter Exploration Update
11/6/2012(Akasaba)Metallurgical Study Indicates 95% Recovery of Gold at Akasab...
4/5/2012A Cool 1.4 Million Ounces: Alexandria Minerals Crosses the G...
1/20/2012Mid-Day Breaking News From Alexandria Minerals and Galore Re...
11/25/2011Meet Alexandria at the San Francisco Hard Assets Show
9/15/2011Announces Agreement with NYC Radio, LLC
5/19/2011Third Drill Rig Arrives on Alexandria's Cadillac Break Prope...
4/12/2011(Akasaba)In-fill Drilling Intersects 7.44 g/t Au over 8.50 m at Akasa...
7/23/2010Engages Pollitt & Co. as Market-Maker
6/2/2010Featured on BNN Commodities Report
3/23/2010Announces $1,820,000 Equity Investment by Agnico-Eagle Mines...
10/8/2009 Mapping Program Finds More Evidence For Gold at Matachewan ...
9/30/2009Options Val d'Or Property to Kalahari Resources
7/22/2009Alexandria Secures 100% Interest in Valdora Gold Property, V...
7/2/2008and NioGold Mining to Enter JV on Siscoe East in Val d'Or
4/8/2008 to Acquire 100% Interest in Remaining Cadillac Break Gold P...
12/4/2007Increases Size of Cadillac Break Properties, Val d'Or; Drill...
10/18/2007WILL BE PRESENT AT THE UPCOMING Global Chinese
9/19/2007Continues to Intersect Shallow Gold at Orenada 2
9/5/2007Drills 3.18 g/t Gold Over 6.60 meters at Orenada 4; Begins T...
4/18/2007to Raise $5,500,000; Second Rig Expands Drilling Program Alo...
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