Aldrin Announces $1 Million Non-Brokered Flow Through Private Placement
23 Dezember 2013 - 9:10PM
Marketwired Canada
Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) announces that it is not
proceeding with its previously announced $2 million brokered private placement
with Industrial Alliance Securities Inc. ("IAS"). Aldrin will proceed with a $1
million non-brokered private placement of flow through units at $0.095 per unit.
Each unit will be comprised of one flow-through common share and one half of a
common share purchase warrant. Each full warrant is exercisable into one
additional non flow-through Aldrin common share at $0.16 per share for a period
of 18 months from closing. Proceeds of the Offering will be used to complete
drilling and exploration on Aldrin's Triple M uranium exploration property in
the Athabasca Basin.
Aldrin will pay a cash commission of eight percent (8%) of the proceeds raised
by finders who assisted with the financing and warrants equal to eight percent
(8%) of the number of units which are subscribed. The warrants will be
exercisable for 18 months from closing at $0.095 per share.
All securities issued on the proposed private placement will be subject to a
four month hold period. Not more than 20% of the private placement will be
subscribed for by non-arm's length parties. The private placement is subject to
TSX Venture Exchange approval. The private placement will not result in a change
of control of Aldrin.
ON BEHALF OF THE BOARD
Johnathan More, CEO and Director
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aldrin Resource Corp.
(604) 687-7741
(604) 662-3904 (FAX)
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