Alexandria Minerals Corporation

Alexandria Minerals Corporation

April 07, 2006 08:09 ET

Alexandria's Financing Increased to $500,000

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) -


Alexandria Minerals Corporation (TSX VENTURE:AZX) announces that, further to its press release of April 4, 2006, the Company has received approval from their sponsoring Broker, Bolder Investment Partners, to increase its non-brokered private placement from $400,000 to $500,000.

The placement will consist of 1,666,667 units at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share at a price of $0.40 per share for a period of one year, subject to accelerated expiry in certain circumstances. The securities issued under the private placement will be subject to a hold period of four months from the date of closing. A finder's fee will be payable in respect of the private placement.

Alexandria intends to use the proceeds of the private placement: to establish an investor relations and marketing program; for new property acquisitions and for general corporate purposes. The private placement is subject to approval of the TSX Venture Exchange.

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.

Shares Issued - 19,640,997

Last Close 2006/04/06 C$.32

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

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