Alexander Energy Ltd. Announces Recapitalization Financing and New Management Team
December 5, 2013 - Calgary, Alberta – Alexander Energy Ltd. ("Alexander" or the "Corporation") is
pleased to announce that it has entered into a definitive reorganization and investment agreement (the
"Agreement") with Richard McHardy, Albert Stark, Ed Wong, Fotis Kalantzis, Thomas Boreen and Michelle
Wiggins, (the "Initial Investor Group") which provides for: (i) a non-brokered private placement of up to an
aggregate of approximately $26.5 million (the "Private Placement"); (ii) the appointment of a new
management team and board of directors (collectively, the "New Management Team"); and (iii) a rights
offering (the “Rights Offering”) to current holders of common shares (“Common Shares”) of Alexander
(collectively, the "Transaction"). Completion of the Transaction is subject to customary closing conditions,
including the approval of the TSX Venture Exchange (the “TSXV”). Upon completion of the Transaction, it is
anticipated that the shareholders of Alexander will be asked to approve, at a special meeting called for such
purpose, a change of the Corporation’s name to “Spartan Energy Corp.”
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Lisäys: BNN:llä kommentti ALX:sta (summaten: osakkeeseen hinnoiteltu tällä hetkellä tulevaisuuden tuottoja )
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