Alexandria Minerals Corporation announced that it expects to receive CAD 0.5 million in funding.

Alexandria Minerals Corporation (TSXV:AZX) announced a non-brokered private placement of up to 5,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 500,000 on January 29, 2015. Each unit consists of one common share and one half of a warrant. Each warrant is exercisable at CAD 0.15 per share for a period of one year from closing.

The company will not pay any finder's fees or commission related to the transaction. The transaction is subject all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued will be subject to a hold period of four months from the date of closing.