An announcement from Alpha Exploration Ltd. ( (TSE:ALEX) ) is now available.
Alpha Exploration Ltd. has announced a non-brokered private placement financing to raise up to C$6 million by offering units at C$0.70 each. The proceeds will support exploration activities at the Kerkasha Project in Eritrea, as well as cover operational and administrative expenses. The private placement is subject to regulatory approvals, and insiders may participate, constituting a related party transaction. This move is expected to bolster the company’s exploration efforts and strengthen its market position in the region.
More about Alpha Exploration Ltd.
Alpha Exploration Ltd. is an exploration company focused on advancing significant gold and base metal discoveries in Eritrea. The company operates the Kerkasha Project, which spans 514 square kilometers, and has developed multiple prospects, including the Aburna Gold Prospect and the Tolegimja VMS Copper-Zinc-Gold Prospect. Managed by experienced professionals, Alpha Exploration is dedicated to establishing and expanding its presence in the Arabian Nubian Shield.
YTD Price Performance: -26.09%
Average Trading Volume: 8,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$29.25M
Find detailed analytics on ALEX stock on TipRanks’ Stock Analysis page.