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| Home : Aldrin Closes Private Placement Financing and Acquisition of Triple M Property Option |
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Jul 19
2013 |
Aldrin Closes Private Placement Financing and Acquisition of Triple M Property Option |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 19, 2013) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) has closed a private placement financing of 11,973,500 units at a price of $0.08 per unit to raise gross proceeds of $957,880 (the "Private Placement"). Each unit is comprised of one common share and one half warrant. Each whole warrant is exercisable into one common share at $0.18 per share for 12 months from closing. Proceeds of the Private Placement will be used to complete a phase one exploration program and for option payments on Aldrin's newly acquired Triple M Property and for general working capital. Closing of the Triple M Property acquisition occurred concurrently with closing of the Private Placement. Both the acquisition and Private Placement have received final TSX Venture Exchange approval. |
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| Source:http://www.marketwire.com/mw/release.do?id=1812843&sourceType=3 |
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