Alpha Exploration Ltd. (TSE:ALEX) has released an update.
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Alpha Exploration Ltd. has increased its non-brokered private placement financing from $5 million to $7 million due to high demand, extending the deadline to April 15, 2024. The company has successfully closed the first tranche, raising over $4 million, with the funds earmarked for exploration of the Kerkasha Project in Eritrea, and other corporate purposes. Insider participation in the offering is noted and is expected to comply with regulatory exemptions for related party transactions.
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