| | Published : March 23rd, 2010 | Announces $1,820,000 Equity Investment by Agnico-Eagle Mines Limited |
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March 23, 2010 |
Alexandria Announces $1,820,000 Equity Investment by Agnico-Eagle Mines Limited |
TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D) is pleased to announce that it has closed a 9,100,000 unit ("Unit") investment (the "Investment") by Agnico-Eagle Mines Limited ("Agnico-Eagle"), at a price of $0.20 per Unit, for an Investment of $1,820,000, amounting to an approximate 9.9% basic equity stake in Alexandria Minerals.
"We are excited to have Agnico-Eagle as our largest shareholder," said Eric Owens, President and CEO of Alexandria Minerals. "Agnico-Eagle is a successful gold miner and the heart of its operations is close to us in the Val d'Or area. Its investment at a premium is a powerful endorsement of the potential of our projects, and we look forward to initiating our relationship with Agnico-Eagle and benefiting from its expertise."
Alexandria Minerals' Cadillac Break property group in Val d'Or is located just 8 km east of Agnico-Eagle's underground, bulk tonnage Goldex Mine, where it operates a concentrating facility. Elsewhere in the region, Agnico-Eagle also operates the Lapa Mine, as well as the large La Ronde gold-zinc-copper mine.
Map showing the location of Alexandria Minerals' Cadillac Break Property Group and Siscoe East Property in Val d'Or, as well as several other mines in the area including Agnico-Eagle's Goldex Mine: http://media3.marketwire.com/docs/azx323m1.JPG.
The proceeds from the Investment will be used to fund corporate and exploration activities, primarily building on its current drilling programme underway at Akasaba, where it has had considerable recent success, as well as expanding the Orenada gold deposit, where Alexandria has identified a Measured and Indicated resource of 361,000 ounces and an additional 175,000 ounces in the Inferred Resources category.
The Investment consists of 9,100,000 Units, where each Unit consists of one common share of Alexandria Minerals and one common share purchase warrant. Each whole warrant entitles Agnico-Eagle to acquire one additional common share at a price of $0.21 for a period of 24 months from closing. The securities issued under the Investment will be subject to a hold period of four months and one day from the date of closing, being July 24, 2010. Agnico-Eagle also has the right to participate in future financings to maintain its equity position in Alexandria Minerals.
Alexandria Minerals Corporation 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.
Neither 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. | |
CONTACT INFORMATION:
Alexandria Minerals Corporation Andreas Curkovic Investor Relations (416) 577-9927
or
Alexandria Minerals Corporation Eric Owens 416-363-9372 info@azx.ca www.azx.ca
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INDUSTRY: Manufacturing and Production - Mining and Metals | |
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : AZX.V |
ISIN : CA0151001009 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alexandria Min. is a gold and copper exploration 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 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions). Its stock quote reached its highest recent level on May 04, 2007 at 0.43, and its lowest recent point on April 18, 2019 at 0.02. Alexandria Min. has 47 442 200 shares outstanding. |
Annual reports of VanEck Vectors Global Alternative Energy ETF |
Financings of VanEck Vectors Global Alternative Energy ETF |
10/30/2012 | Announces $2,500,000 Financing |
10/27/2011 | Closes $3,000,000 Financing |
10/7/2011 | Alexandria Minerals Corporation Announces $3,000,000 Financi... |
12/24/2009 | Closes Non-Brokered Private Placement |
12/17/2009 | Announces $500,000 Non-Brokered Private Placement |
5/22/2007 | Closes $3,169,660 Non-Brokered Portion of $7.75 Million Priv... |
5/18/2007 | Closes $4.58 Million Brokered Private Placement |
5/8/2007 | Increases Private Placement to $7,254,708 |
Nominations of VanEck Vectors Global Alternative Energy ETF |
Financials of VanEck Vectors Global Alternative Energy ETF |
Project news of VanEck Vectors Global Alternative Energy ETF |
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... |
2/20/2014 | Drills 142.50 g/t Gold Over 0.3 m in Its Winter Exploration ... |
1/14/2014 | Sells 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... |
9/8/2011 | Intersects 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 ... |
9/10/2009 | Multiple 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 |
2/19/2008 | Enlarges 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 ... |
10/31/2007 | Extends 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... |
7/19/2007 | Intersects New Gold Zones in the Cadillac Break on the Airpo... |
6/25/2007 | Drills 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... |
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Corporate news of VanEck Vectors Global Alternative Energy ETF |
7/27/2016 | Alexandria Minerals Identifies Prospective Targets on Its “T... |
6/24/2016 | Alexandria to Re-Start Drill Program on Its 100% Owned Trian... |
6/22/2016 | Alexandria Minerals Increases Private Placement to $5.1 Mill... |
6/13/2016 | Alexandria Minerals Closes First Tranche of Financing, Raise... |
6/1/2016 | Alexandria Signs Memorandum of Understanding with Matchewan ... |
5/30/2016 | Alexandria Minerals Announces $4 Million Private Placement |
5/19/2016 | Alexandria Enters into Option Agreement with Quinto Real Cap... |
4/13/2016 | Alexandria Drills Triangle Zone-like Targets on its Airport ... |
3/22/2016 | Alexandria Geophysical Survey Reveals New Targets on the Fan... |
3/7/2016 | Alexandria Minerals Sees New Gold Potential at Orenada Throu... |
1/19/2016 | Alexandria Minerals Provides Update of Activities |
1/11/2016 | Alexandria Minerals Announces Intention to Conduct a Normal ... |
11/6/2015 | Alexandria Minerals Corporation Closes Second Tranche of Pri... |
11/5/2015 | Alexandria Minerals Increases Financing to $1.875 Million |
10/24/2015 | Sandstorm Gold Provides Asset Updates |
10/23/2015 | Sandstorm Gold Provides Asset Updates |
10/23/2015 | Alexandria Minerals Closes $1,000,000 First Tranche of Finan... |
10/22/2015 | Alexandria Minerals to Raise $1.8 Million |
10/5/2015 | Alexandria Files NI 43-101 Technical Report for Hudvam Proje... |
8/19/2015 | Alexandria Increases Resources at its Hudvam Project in Flin... |
8/5/2015 | Alexandria Engages FronTier Merchant Capital Group for Inves... |
7/2/2015 | Alexandria Files WIM Technical Report on SEDAR |
4/22/2015 | Alexandria Drills High Grade Gold Veins At Orenada, Includin... |
4/1/2015 | Alexandria Review of Cadillac Break Property Geophysics Yiel... |
3/19/2015 | Alexandria Provides Summary of Recently Acquired Assets and ... |
3/19/2015 | Provides Summary of Recently Acquired Assets and Update of A... |
3/16/2015 | Alexandria Minerals Acquisition of Murgor Resources Complete... |
3/10/2015 | acquisition of Murgor Resources completed |
3/10/2015 | Alexandria Minerals Acquisition of Murgor Resources Complete... |
2/17/2015 | Alexandria Begins Drilling Copper-Gold Zone in Val d'Or |
2/17/2015 | Begins Drilling Copper-Gold Zone in Val d'Or |
2/2/2015 | Alexandria's Acquisition of Murgor Clears Quebec Superior Co... |
2/2/2015 | Alexandria Minerals Corporation Closes Financing |
2/2/2015 | Alexandria Minerals Corporation Announces $500,000 Financing |
1/28/2015 | Alexandria's Acquisition of Murgor Clears Quebec Superior Co... |
1/27/2015 | Murgor Resources obtains interim order for plan of arrangeme... |
12/23/2014 | to acquire Murgor Resources Inc. |
12/23/2014 | Alexandria Minerals Corporation to acquire Murgor Resources ... |
12/9/2014 | Alexandria Files National Instrument 43-101 Technical Report... |
1/10/2014 | Happy New Year from Alexandria Minerals |
11/25/2013 | Expands West Zone by 100m With Wide Gold-Copper Intersection... |
10/24/2013 | Annual General Meeting Brings Michael Pesner to Board |
10/21/2013 | Closes Second Tranche of Private Placement for Gross Proceed... |
10/18/2013 | Announces Increase in Private Placement to $1,026,000 |
9/11/2013 | Closes First Tranche of Financing |
9/10/2013 | Announces $800,000 Financing |
7/24/2013 | (Akasaba)Drilling Identifies New Target Zones North and South of Main... |
5/15/2013 | Expands Sleepy Gold Deposit With Drill Intersection of 3.82 ... |
3/28/2013 | Provides 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%... |
1/17/2013 | Provides Winter Exploration Update |
11/6/2012 | (Akasaba)Metallurgical Study Indicates 95% Recovery of Gold at Akasab... |
4/5/2012 | A Cool 1.4 Million Ounces: Alexandria Minerals Crosses the G... |
1/20/2012 | Mid-Day Breaking News From Alexandria Minerals and Galore Re... |
11/25/2011 | Meet Alexandria at the San Francisco Hard Assets Show |
9/15/2011 | Announces Agreement with NYC Radio, LLC |
5/19/2011 | Third 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... |
7/23/2010 | Engages Pollitt & Co. as Market-Maker |
6/2/2010 | Featured on BNN Commodities Report |
3/23/2010 | Announces $1,820,000 Equity Investment by Agnico-Eagle Mines... |
10/8/2009 | Mapping Program Finds More Evidence For Gold at Matachewan ... |
9/30/2009 | Options Val d'Or Property to Kalahari Resources |
7/22/2009 | Alexandria Secures 100% Interest in Valdora Gold Property, V... |
7/2/2008 | and 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... |
12/4/2007 | Increases Size of Cadillac Break Properties, Val d'Or; Drill... |
10/18/2007 | WILL BE PRESENT AT THE UPCOMING Global Chinese |
9/19/2007 | Continues to Intersect Shallow Gold at Orenada 2 |
9/5/2007 | Drills 3.18 g/t Gold Over 6.60 meters at Orenada 4; Begins T... |
4/18/2007 | to Raise $5,500,000; Second Rig Expands Drilling Program Alo... |
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