On December 29, 2023, ALX Resources Corp. closed the transaction. The company issued 1,143,286 flow-through units at an issue price of CAD 0.035 per FT Unit for the gross proceeds of CAD 40,015.01 in the third and final tranche. The FT Units were sold at a price of CAD 0.035 per FT Unit consisting of one flow-through common share and one non flow-through common share purchase warrant. One whole common share purchase warrant from the FT Units entitles the holder to purchase one non flow-through common share of the Company at a price of CAD 0.05 for a period expiring 24 months following closing of the Third Tranche, that expiry date being December 29, 2025. No finder's fees were payable for the Third Tranche. All securities issued in the Third Tranche will be subject to a resale restriction expiring April 30, 2024, in accordance with applicable securities regulations. One insider of the Company subscribed for a total of 286,000 Units in the Third Tranche of the private placement. The company has sold 14,086,144 FT Units in three tranches of the private placement for gross proceeds of CAD 493,015.

The company has paid finder's fee of CAD 25,411.50 in cash and 726,043 warrants. The transaction included participation from 11 placees, and one insider for 328,143 units. The TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement.