AlphaGen Announces Private Placement of Up to $2.5 million

Executive Summary

• AlphaGen Intelligence Corp. announced a non‑brokered private placement of up to 10,000,000 units at $0.25 per unit, targeting gross proceeds of up to $2,500,000.
• Each unit consists of one common share and half of a share purchase warrant; the full warrant allows purchase of an additional share at $0.40 for two years.
• Net proceeds are earmarked for general working‑capital needs, with possible finder’s fees; closing is expected within 45 days of price protection, subject to shareholder and regulatory approvals.

Key Details

• Offering Size: Up to 10,000,000 units (each $0.25) → Maximum gross proceeds: $2,500,000.
• Unit Composition: 1 common share + ½ share purchase warrant.
• Warrant Terms: Each whole warrant permits purchase of one additional share at $0.40 per share; exercisable for two years from issuance.
• Use of Proceeds: General working capital; may include payment of finder’s fees related to the offering.
• Holding Period: All securities subject to a statutory four‑month hold period under applicable securities legislation.
• Closing Timeline: Expected on or before 45 days after the price protection date, contingent upon shareholder approval and required regulatory clearances (including CSE acceptance).
• Regulatory Notes: Securities not registered in the United States; offering unavailable to U.S. persons absent exemption.

Notable Quotes

(No executive quotes provided in the release.)