April 26, 2019
ALX Uranium Corp. Announces Application to Amend Warrant Terms
Uranium Corp. (“ALX” or the “Company”)
(TSXV: AL; FSE: 6LLN; OTC: ALXEF) announces
that it has
made an application to the TSX Venture Exchange (the “TSXV”)
to amend the term of an aggregate of 3,090,000 outstanding share
purchase warrants, (the “Warrants”) which were issued in
connection with a non-brokered private placement (see ALX news
release dated May 5, 2016). On May 16, 2016, the Company issued
2,325,000 warrants (the “May 2016 Warrants”) and on June 23, 2016
the Company issued 765,000 warrants (the “June 2016 Warrants”).
November, 2017, the Company extended the term of the Warrants for an
additional 18 months, so the May 2016 Warrants were extended to May
16, 2019 and the June 2016 Warrants were extended to June 23, 2019.
Company is seeking to again extend the term of the Warrants for an
additional 18 months. The May 2016 Warrants would be extended to
November 16, 2020 and the June 2016 Warrants would be extended to
December 23, 2020. The exercise price of the Warrants will remain
unchanged, at $0.20 per Warrant.
application to extend the expiry date of the Warrants is subject to
acceptance by the TSXV.
mandate is to provide shareholders with multiple opportunities for
discovery by exploring a portfolio of prospective mineral properties
in northern Saskatchewan, Canada. The Company executes well-designed
exploration programs using the latest technologies and has interests
in over 200,000 hectares in Saskatchewan, a Province which hosts the
richest uranium deposits in the world, a producing gold mine, and
demonstrates potential for economic base metals deposits. ALX is
based in Vancouver, BC, 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”. Technical reports are
available on SEDAR at
for several of the Company’s active properties.
more information about the Company, please visit the ALX corporate
or contact Roger Leschuk, Manager, Corporate Communications at
604.629.0293 or Toll-Free: 1.866.629.8368,
Behalf of the Board of Directors of ALX Uranium Corp.
in this document which are not purely historical are forward-looking
statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Forward looking
statements in this news release include the Company’s plans to
undertake exploration activities on its exploration properties. It
is important to note that the Company’s actual business outcomes and
exploration results could differ materially from those in such
forward-looking statements. Risks and uncertainties include that our
projects in Athabasca Basin may prove to be unworthy of further
expenditure; economic, competitive, governmental, environmental and
technological factors may affect the Company’s operations, markets,
products and prices. Additional risk
are discussed in the section entitled “Risk Factors” in the
Company’s Management Discussion and Analysis for the Six Months ended
June 30, 2017, which is available under Company’s SEDAR profile at
Except as required by law, we will not update these forward looking
statement risk factors.
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Back to the main News page, or press the Back button on your browser.