Aldrin Announces $2 Million Brokered Private Placement
02 Dezembro 2013 - 12:15PM
Marketwired
Aldrin Announces $2 Million Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 2, 2013) -
Aldrin Resource Corp ("Aldrin") (TSX-VENTURE:ALN) announces that it
has entered into an engagement letter with Industrial Alliance
Securities Inc. ("IAS") pursuant to which IAS will act as agent, on
a commercially reasonable best efforts basis, in connection with
the offering of up to 18,181,828 units at $0.11 per unit for gross
proceeds of up to $2,000,000 (the "Offering"). 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.
IAS will receive a cash commission of eight percent (8%) of the
proceeds which it raises and broker's warrants equal to eight
percent (8%) of the number of units which it places. The broker's
warrants will be exercisable for a period of 18 months at a price
of $0.11 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.
President and CEO of Aldrin, Johnathan More states, "We are very
pleased to engage Industrial Alliance Securities as agent and lead
manager for this flow-through offering. This will allow Aldrin to
aggressively pursue its 2014 drill program in the Athabasca
Basin."
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.
Aldrin Resource Corp.(604) 687-7741(604) 662-3904
Aldrin Resources Corp. (TSXV:ALN)
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