Alexandria Minerals Corp fka ALXDF

[Renee]

ALXDF: effective Aug. 5,2019 O3 Mining Inc agreed to acquire all of the issued and outstanding common shares of Alexandria by way of a plan of arrangement. Under the Agreement, each Alexandria shareholder was entitled to receive 0.018041 of a common share of O3 for each common share of Alexandria held.

FINRA will delete the symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[MC2 Atlantis]

News: Alexandria Announces Binding LOI to Sell Royalty Interests on Cadillac Break Property Group in Val d'Or, QuebecprintFont size A A A
12:34 PM ET 4/1/19 | GlobeNewswire


Alexandria Announces Binding LOI to Sell Royalty Interests on Cadillac Break Property Group in Val d'Or, Quebec

TORONTO, April 01, 2019 (GLOBE NEWSWIRE) -- Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) ("AZX" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "LOI") to sell certain royalty interests on the Company's Cadillac Break Property Group in Val d'Or, Quebec to an arm's length third party for a cash purchase price of $801,000. The applicable royalty interests consist of a one percent (1%) net smelter return royalty on production from the Cadillac Break properties and the Company's interest in certain royalty buy-back proceeds that the Company may receive in relation to an existing 2% net smelter return royalty held by another third party. Pursuant to the LOI, the Company received $150,000 as a deposit on the signing of the LOI, which will be credited against the purchase price at the closing of the transaction. In the event that the closing does not occur, other than by reason of default or breach hereof attributable to the Company, the deposit shall be retained by the Company.

The LOI contemplates the parties entering into a royalty agreement and a purchase agreement by April 6, 2019, as well as other related assignment and security agreements on closing, to complete the sale of the applicable royalty interests. The LOI also contains additional terms and conditions that must be satisfied or waived prior to the completion of the sale of the applicable royalty interests, including that the sale of the royalty interests is to be completed on April 26, 2019, unless otherwise agreed by the parties.

"This transaction is consistent with our stated strategy of selling non-core assets to fund on a non-dilutive basis, the Company's on-going corporative objectives," commented Walter Henry, Acting President and CEO of the Company.

The proceeds from the sale of the royalty interests will be used to fund working capital and to pursue the Company's ongoing exploration program on its Cadillac Break properties in Quebec.

Next Steps

Company planned activities for the next fiscal quarter include the following:

1) The monetization of current assets and the continued selling of non-core assets;

2) The ongoing evaluation of the strategic opportunities currently presented to the Company;

3) The evaluation of acquiring additional strategic land positions that are proximate to the Company's existing core land package; and finally

4) to continue processing approximately 1000 samples of drill core currently held for assay at laboratories from the 2018 winter drilling campaign at the Bulldog Zone and Centremaque, as well as holes from the western extensions of the Cadillac Break properties.

[MC2 Atlantis]

This one looks like the dust may be settling from the takeover. The chart looks to have formed a bottom and is hopefully on it's way back up.

[chemist99]

good call, thanks for the advice. glad I exited. looks like it's starting to circle the drain while the music plays "the Vancouver hustle" :)

[MC2 Atlantis]

Yea,the board did a coup on the founder and the company destroying the share price right when it was taking off. Now they plan on creating debt, selling off the company assets, while at the same time diluting the share structure in order to pay themselves nice salaries. After all of that if the share price ever does recover they've guaranteed themselves cheap shares with no restrictions.

[chemist99]

Nice dip :)

[MC2 Atlantis]

This one looks like it might be on the launch pad.

[AveragePenny]

$ALXDF Alexandria Minerals Corporation Drills 8.56 g/t Gold over 17.50 m at 24.8 Metres Depth; Continues to Expand Shallow Gold Mineralization at Orenada Zone 4

https://www.otcmarkets.com/stock/ALXDF/news/Alexandria-Minerals-Corporation-Drills-8-56-g-t-Gold-over-17-50-m-at-24-8-Metres-Depth--Continues-to-Expand-Shallow-Gold-Mineralization-at-Orenada-Zone-4?id=173391&b=y

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TORONTO, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) (“AZX” or the “Company”) is pleased to announce the assay results from 10 holes completed in its detailed summer drill program at Orenada Zone 4 near Val d’Or, Quebec. The reported results further confirm robust gold mineralization east of the Zone 4 open pit over a 250m strike length. These results, once again, expand high grade gold mineralization east beyond the limits of the 2009 resource estimate.

Highlights

Diamond Drill Hole OAX-17-168, located 330m east of the open pit, intersected two major high grade zones: 8.56 g/t gold over 17.50m from 24.80m to 43.20m downhole (including 31.2 g/t gold over 3.2m, which includes 80.70 g/t gold over 1.00m) and a second intersection of 4.28 g/t gold over 35.70m between 223.30m and 259.00m (including 7.10 g/t gold over 16.20m), expanding high-grade veins well beyond the former 2009 resource limits;
Together with OAX-17-170, also located on the same section, which intersected 1.65 g/t gold over 95.00m, the results show the potential growth of the gold deposit at Zone 4;
Hole OAX-17-156, located roughly 250m west of DDH OAX-17-168, but still east of the open pit, intersected 2.65 g/t gold over 47.15m between 189.20m and 236.35m, part of a broader intersection grading 1.65 g/t gold over 131.50m, in-fill results that confirm a robust core below and east of the open pit.
In-fill holes OAX-17-160 intersected 3.35 g/t gold over 11.00m, and 1.52 g/t gold over 33.45m part of a larger zone grading 0.98 g/t gold over 127.5m; and OAX-17-162 intersected 42.50m grading 1.06 g/t gold: these holes located 60 m west of OAX-17-168 provide confirmation of continuity of gold mineralization.
Eric Owens, President and CEO of Alexandria, stated, “These exciting results emphasize potential for both growth and grade at Zone 4. We are finding a very robust core area that extends 1,100 metres along strike, down to 300 metres at depth and continues to be open in all directions. Our ongoing geologic and resource modelling efforts are being confirmed and strengthened as results come in. With assay results pending for 70 holes, we expect further great results for the rest of the year.”

Current Resources compliant with National Instrument 43-101 at Orenada were originally estimated in 2009 for the upper 250 metres, at Zone 4 and Zone 2 (see Press Release, September 16, 2009). Alexandria’s 45,000 metre drill program in 2017 has intersected the gold vein system for more than 2.5 km along strike, centered around the Zone 4 open pit, an increase in strike length of more than 300% over the previously known dimensions. A new resource estimate is expected by January 2018.

Gold mineralization remains open along strike – to the east and west – as well as at depth. New drill targets are being evaluated in these directions, in anticipation of an active next phase drill program.

Next Steps:
Focus continues to be on wrapping up the processing of the remaining core from 70 drill holes from the summer program, and ongoing geologic and resource modelling, with the aim of incorporating this information into a new resource estimate by January 2018.

Further details can be viewed in the addendum/appendix to this press release: http://bit.ly/2i5mEWZ

Analytical Procedures and QA/QC
Program design, management, and Quality Control/Quality Assurance (QA/QC) are conducted by Alexandria’s exploration group under the supervision of Philippe Berthelot (P. Geo), who is the Company’s Qualified Person. Details of sampling procedure can be found in the addendum. Mr. Berthelot has reviewed the contents of this press release.

Further information about the Company is also available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/
LinkedIn: http://www.linkedin.com/company/alexandriaminerals
About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d’Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.

WARNING: 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 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.

PLEASE CONTACT
www.azx.ca
[e-mail] Mary Vorvis
Vice President, Corporate Development
and Investor Relations
[phone] Eric Owens
President/CEO
416-363-9372




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Copyright © 2017 GlobeNewswire. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

[AveragePenny]

News - Alexandria Minerals Announces Voting Results of Annual General and Special Meeting

https://globenewswire.com/news-release/2017/10/17/1148673/0/en/Alexandria-Minerals-Announces-Voting-Results-of-Annual-General-and-Special-Meeting.html

TORONTO, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) (“AZX” or the “Company”) is pleased to announce that all of management’s recommendations proposed to the Company’s shareholders were overwhelmingly approved at yesterday’s Annual General and Special Meeting.

Eric Owens, President and CEO of Alexandria, stated, “We greatly appreciate the strong support of our shareholders, and we intend to continue the successful work plan we have laid out at Orenada. The drill results have been excellent, we expect further results in the near future, and our goal of updating the resource estimate is on track."

Directors
By way of ordinary resolution, the number of directors was fixed at six. Each of the six incumbent nominees proposed by management was elected as a director with shareholder support exceeding 90% of the proxies received by management. Returning to the Board of Directors are Peter Gundy, Priya Patil, Robert Geis, Walter Henry, Gary O’Connor and Eric Owens.

Other Resolutions
Shareholders, by way of proxy, also approved the following by ordinary resolution:

the appointment of MNP LLP, Chartered Accountants, as Auditors of the Company for the ensuing year with authorization to the Directors to fix the remuneration to be paid to the Auditors;
the approval of the Company's 2017 Incentive Stock Option Plan;
the approval of the Company's Restricted Share Unit Plan;
the confirmation of a bylaw which sets advance notice requirements for director nominations;
authorization to proxyholders to vote in their discretion on any amendment to any of the resolutions;
The shareholders also approved a special resolution intended to give the power to the Directors to make a future decision, if necessary, on the consolidation of the Company’s common shares. In accordance with the authority given to the proxyholders, the special resolution was amended by authorizing the directors to consolidate the Company’s common shares “…with such ratio to be determined and such future date to be fixed at the discretion of the directors.” The special resolution was passed by proxy with approximately 90.77% approval, which exceeds the 66?% threshold required by the Canada Business Corporations Act.

Further information about the Company is also available on the Company’s website, www.azx.ca, or our social media sites listed below:

Facebook: https://www.facebook.com/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
LinkedIn: https://www.linkedin.com/company/alexandriaminerals
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/

About Alexandria Minerals Corporation
Alexandria Minerals Corporation is a Toronto-based junior gold exploration and development company with strategic properties located in the world-class mining districts of Val d’Or, Quebec, Red Lake, Ontario and Snow Lake-Flin Flon, Manitoba. Alexandria’s focus is on its flagship property, the large Cadillac Break Property package in Val d’Or, which hosts important, near-surface, gold resources along the prolific, gold-producing Cadillac Break, all of which have significant growth potential.

WARNING: 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 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.

PLEASE CONTACT
www.azx.ca
[e-mail]

Mary Vorvis
Vice President,
Corporate Development
and Investor Relations
[phone]

Eric Owens
President/CEO
416-363-9372