Alpha Exploration Ltd. (TSE:ALEX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:ALEX stock, check out TipRanks’ Stock Analysis page.