Alexander Energy Ltd
TSX VENTURE : ALX

August 29, 2013 18:21 ET

Alexander Energy Ltd. Announces Proposed Private Placement of Common Shares

CALGARY, ALBERTA--(Marketwired - Aug. 29, 2013) - Alexander Energy Ltd. ("Alexander" or the "Company") (TSX VENTURE:ALX) announced today its intention to complete a non-brokered private placement offering of common shares at a price of $0.15 per share, for gross proceeds of up to $1,300,000.

The closing of the offering is expected to occur on or about September 16, 2013 and is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details on the offering, please contact the Company. The common shares issued in connection with the offering will be subject to a hold period of four months from the date of closing. The net proceeds from the offering will be used for general working capital purposes.

Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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