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Aldrin Resource Corp Closes Private Placement Financing


Friday, 19 Jul 2013 09:30am EDT 

Aldrin Resource Corp announced that it 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. 

Company Quote

0.04
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23 Oct 2014