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| Home : Aldrin Announces $2 Million Brokered Private Placement |
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Dec 02
2013 |
Aldrin Announces $2 Million Brokered Private Placement |
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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. |
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| Source:http://www.marketwired.com/mw/release.do?id=1857952&sourceType=3 |
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